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A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it

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A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 14 hours to make a unit. The process makes one unit each hour on average, and each unit is worth $1,500 What is the reduction in work-in-process value? Reducion a WIP

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