Atias incorporated is a toy bicycle manafacturing company producing a five-inch small version of the bike that Lance Armstrong rode to win his first Tour de France. The assembly line at Atlos incorporated consists of seven work stations, each performing a single step. Stations and processing times are summarized here: - Step 125 seconds) The plastic tube for the frame is cut to size. - Step 2(25 seconds): The tube is put together. - Step 3 (35 seconds) The frame is glued together - Step 4(25 seconds): The frame is cleaned. - Step 5 (30 seconds) Paint is sprayed onto the frame - Step 6 (40 seconds) Wheets are assembled. - Step 7 (45 seconds). All other parts are assembled to the frame. Under the current process layout, workers are allocated to the stations as shown here: - Worker 1 Steps 1 and 2 - Wocker 2: Steps 3 and 4 - Worker 3: Step 5 - Worker 4:Step6 - Worker S: Step ? Assume the workers are paid $15 per hour. Eoch bicycle is sold for $6 and includes parts that are sourced for $1. The compary has fixed costs of $17S per hour. Despite Lance Armstrong's doping confession, there exists substantlally more demand for the bicycle than Aulas can supply. Note: Do not round intermediate calcutations. Aound alf answers to 2 decimal places. a. What is the cost of direct labor for the bicycle? b. How much profit does the company make per hour? c. What would be the profits per hour if Atlas would be able to source the parts 11 percent cheaper (\$0.89 for the ports of one unib? d. What would be the profits per hour if Atlas were able to reduce fixed costs by 12 percent (to 5 ts 4 per hour)? 2. What would te the proft per hour if Atlas were abie to reduce the processing time at the bottieneck by 3 seconds per unit fassume