Merriam Corporation is planning on producing a new product for the next period. It is expected that the first unit will require 4 direct labor hours to complete. Efficiency experts anticipate that the average completion time per unit will decrease by 30% of the average completion time of the prior unit produced before doubling takes place. The following additional data is available:  lop2

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Projected production for the next period .... 32 units Direct labor cost per hour. $8.00