Question: Problem 2 The labor cost to produce a widget is $18 per hour. Material cost is $100 per unit. The overhead cost is charged as

Problem 2 The labor cost to produce a widget is $18 per hour. Material cost is $100 per unit. The overhead cost is charged as 70% of the labor and materials cost. The leaming rate is 80%. a. Determine the average cost for 25 units, given that the first unit took 5 hours to complete b. Assume the item can be purchased from a vendor for $180 per unit. Should we just buy the noeded 25 units or produce them. Explain. c. What are your answers for a and b if the needed quantity is 60 units? Show all your work

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