Question

A company manufactures two products. One requires 4.5 hours of labor, 13 pounds of raw materials, and costs $168.05 each to produce. The second product requires 6.5 hours of labor, 6 pounds of raw materials, and costs $121.35 each to produce. Find the cost of labor per hour and the cost of raw materials per pound. (Assume the same labor and raw materials are used in the production of these products.)

Answer 1

labor: $168.05/4.5hr + $121.35/6.5hr = $56.01/hr
do materials the same way