ch Own communications satellite The government agency plans to purchase 8 units although it would also consider buving 16 units General Dynamics has started a chart relating labor time required to units produced Time Required to Produce Unit Produced (X) 24.000 hours 19.200 hours 360 hours 15 Required: Compute the labor time required to produce 8 and 16 unlts. (Round your answers to the nearest whole number.) hours Time Required to produce 8th unit hours Time Requirod to produce 16th unit the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost the 1st unit? (Do not round your b. Assume that labor time costs $130 per hour. Compare the cost of producing the 1st unit intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e., 32.21)) Percentage of cost of 16th unit to 1st unit cost %