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Your small toy manufacturing facility has the following information: Revenue per toy Fixed costs $7.95 $47,500 Material cost per toy $1.820 Electricity cost per toy

Your small toy manufacturing facility has the following information: Revenue per toy Fixed costs $7.95 $47,500 Material cost per toy $1.820 Electricity cost per toy Labor cost per toy $2.670 Profit is defined as Revenue - Total Cost Given that we will sell 24,000 toys, what must the Labor cost per toy be to generate a profit of $11,000? (Enter three decimal places in your cost)

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