Labor cost analysis
I am trying to figure out the labor cost per product on 7 products.
The total labor for one month is $6387. The following is how many of each product were made for the month:
Each product takes a different amount of time to make. If one of all products could be made in one hour then the following % of time would be spent on each product:
Any help would be appreciated!
A 638 * .05 = 31.90
B 67 * .05 = 3.35
G 58 * .025 = 1.45
total : 115.80
A: 31.90 / 115.80 * $6387 = $1759.46
Thanks for the help Wilmer!!