Question: Problem 8 Question Help Gibson's Bodywork does automotive collision work. An insurance agency has determined that the standard time to replace a fender is 0.5

Problem 8 Question Help Gibson's Bodywork does
Problem 8 Question Help Gibson's Bodywork does
Problem 8 Question Help Gibson's Bodywork does automotive collision work. An insurance agency has determined that the standard time to replace a fender is 0.5 hours (.e., "standard output" = 2 fenders per hour) and is willing to pay Gibson $90 per hour for labor (parts and supplies are billed separately). Gibson pays its workers $70 per hour Suppose Gibson's workers take 7 hours to replace a fonder. a. Gibson's labor hour officiency is %. (Enter your response rounded to two decimal places.) Given Gibson's labor costs, the company make money on the job. b. Gibson's labor hour officiency has to be places) % for Gibson to break even on the job. (Enter your response rounded to two decimal

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