Item$7$

$1\mathrm{.}25$

points

Item $7$

A firm has redesigned its production process so that it now takes $8$ hours for a unit to be made. Using the old process, it took $13$ 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?