Question: please shie steps Case Study 3: The following data apply to the operation of a particular automated manufacturing system: Direct labor rate= $15.00/h Number of

please shie steps

Case Study 3: The following data apply to the operation of a particular automated manufacturing system: Direct labor rate= $15.00/h Number of operators required - 1 Applicable labor factory overhead rate=40% Capital investment in system = $300,000 Service life= 7 years Salvage value=$30,000 Applicable machine factory overhead rate = 50% The system is operated one shift (2500 h/yr.). Use a rate of return of 25% to determine the appropriate hourly rate for this worker-machine system. a. Define labor hourly, then, adding overhead to define labor hourly rate (2.5 pts) b. Draw cash flow of the equipment (1.5 pts) c. Define UAC of using the equipment (3 pts) d. Define hourly rate of the equipment (1.5 pts) e. Adding overhead of hourly rate of equipment (1.5 pts) f. Combing labor and equipment hourly rates to hourly rate for this worker-machine system (2 pts)

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