The labor cost to produce a certain item is $21.00 per hour. Job setup costs $500 and material costs are $30 per unit. The item can be purchased for $200.00 per unit. The learning rate is 80 percent. Overhead is charged at a rate of 25 percent of labor, materials, and setup costs. Note: One of the digitized lectures shows how this is accomplished! a. Determine the total production cost if 25 units need to be produced, given that the first unit took 8 hours to complete. b. What is the minimum production quantity (n) necessary to make production cost less than purchase cost? (Hint: develop a table that shows the following information-n (number of repetitions), unit LC multiplier, cumulative LC multiplier, total labor hours, labor cost, material cost, overhead cost, total cost, average unit cost) c. Create a graph plotting the following data series plotted against varying levels of Q Setup Cost Total Variable Cost Total Labor Cost Total Overhead Cost Total Materials Cost Total Cost (setup+variable+labor+material+overhead) d. Create a graph plotting the following data series plotted against varying levels of Q Average Production Cost Average Purchase Cost