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A bicycle assembly shop has five employees who assemble 1800 bikes each month. Each employee...

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Accounting

A bicycle assembly shop has five employees who assemble 1800 bikes each month. Each employee works 120 hours a month on bike assembly. Labor costs are $14 per hour. The tools and equipment used in the assembly process cost $120,000. Capital expenses are 14% of costs per year. Utilities and supplies cost $ 50,000 a year. What is the MFP in percent?

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