Data for a new product that is very labor intensive, Business Economics

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Data for a new product that is very labor intensive

Data for a new product that is very labor intensive introduced by Hicks Brothers in the operation in Hendersonville, TN is given below. The average labor cost including overhead expenses is about $20 per hour. Time for the very first unit = 9 hours Time for the second unit = 8.462 hours. What is the labor cost for the 1000-th unit? Please show all work.

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Business Economics: Data for a new product that is very labor intensive

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Business Economics: Data for a new product that is very labor intensive

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