Question: Test Company currently uses 2.5 machine hours per unit to produce a product. By redesigning the product, the time required can be reduced to 2.3

Test Company currently uses 2.5 machine hours per unit to produce a product. By redesigning the product, the time required can be reduced to 2.3 machine hours per unit. Machine cost is $25 per machine hour. Test Company produced 2,000 units in the most recent period.

Determine the total nonvalue-added cost for the period.

Determine the total product cost for July.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345

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