The following data apply to the operation of a particular automated manufacturing system: Direct labor rate $15/hr Factory overhead rate on labor %60 Capital investment in machine $100000 Service life of the machine 4 year Rate of return %10 Factory overhead rate on machine %50 The machine will be operated one 8hr/shift,250 days/year Determine; a) If salvage value $25000, step by step calculate the hourly rate for the machine b) If salvage value $0, calculate the hourly rate for the machine (Show the calculation steps) Question-2 Break-Even Analysis Perform a break-even analysis using fixed and varible cost. Also table shows the number of workers. Determine the which way is the best. The following data apply to the operation of a particular automated manufacturing system: Direct labor rate $15/hr Factory overhead rate on labor %60 Capital investment in machine $100000 Service life of the machine 4 year Rate of return %10 Factory overhead rate on machine %50 The machine will be operated one 8hr/shift,250 days/year Determine; a) If salvage value $25000, step by step calculate the hourly rate for the machine b) If salvage value $0, calculate the hourly rate for the machine (Show the calculation steps) Question-2 Break-Even Analysis Perform a break-even analysis using fixed and varible cost. Also table shows the number of workers. Determine the which way is the best