You are tasked with finding a standard cost of a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sqin of labeling, and one logo to to produce one shirt. There was also a design team of 3 members that each put in 50 days to design the shirt (Assume their salary distribution is based on design days/total days per year). These shirts can be assembled by 4 people operating 1 complex machine operating with a rate of 100 shirts an hour. You get Lebron James to endorse the shirt for a one time rate. The trucks can ship out a max of 50000 shirts per load. Assume the plant is operation 365 days a year at 8hrs a day. What is the standard cost we can associate with each shirt? You are tasked with finding a standard cost of a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sqin of labeling, and one logo to to produce one shirt. There was also a design team of 3 members that each put in 50 days to design the shirt (Assume their salary distribution is based on design days/total days per year). These shirts can be assembled by 4 people operating 1 complex machine operating with a rate of 100 shirts an hour. You get Lebron James to endorse the shirt for a one time rate. The trucks can ship out a max of 50000 shirts per load. Assume the plant is operation 365 days a year at 8hrs a day. What is the standard cost we can associate with each shirt