- Print your name/student ID number and submit this M.S. Word tile on eLearning. - Scanned copies will not be accepted. - The deadline is at 5:00 pm on Sunday, Nov 13 th, 2022. Late submissions will receive a zero score. Problem statement A construction company is planning their projects for the year 2023. The company is considering the construction of 20 buildings, each is 3,000m2. In 2018, they have built 8 similar buildings but with smaller areas, and the material costs associated with those 8 buildings are shown in the following table: The materials cost index values are as shown in the following table: In 2019 , the company began constructing larger units (3,000m2 units compared to those in 2018 as shown in the first table). The labor hours required to complete the first 3,000m2 unit was 24,000 hours but the labor hours decreased exponentially with time due to the experience gained by workers at a 90% learning slope until reaching the 15th unit, after which a steady-state was reached. Assume the 2023 average labor wage is $20 per hour and the Company's fixed annual cost (overhead) is $2,300,000. (a) What is the breakeven selling price per unit? (b) What is the selling price per unit assuming the company wishes to earn 10\% profit on top of the total costs incurred? - Print your name/student ID number and submit this M.S. Word tile on eLearning. - Scanned copies will not be accepted. - The deadline is at 5:00 pm on Sunday, Nov 13 th, 2022. Late submissions will receive a zero score. Problem statement A construction company is planning their projects for the year 2023. The company is considering the construction of 20 buildings, each is 3,000m2. In 2018, they have built 8 similar buildings but with smaller areas, and the material costs associated with those 8 buildings are shown in the following table: The materials cost index values are as shown in the following table: In 2019 , the company began constructing larger units (3,000m2 units compared to those in 2018 as shown in the first table). The labor hours required to complete the first 3,000m2 unit was 24,000 hours but the labor hours decreased exponentially with time due to the experience gained by workers at a 90% learning slope until reaching the 15th unit, after which a steady-state was reached. Assume the 2023 average labor wage is $20 per hour and the Company's fixed annual cost (overhead) is $2,300,000. (a) What is the breakeven selling price per unit? (b) What is the selling price per unit assuming the company wishes to earn 10\% profit on top of the total costs incurred