question archive I want accurate answer with proper explanation show all your work please   A firm has redesigned its production process so that now takes 10 hours for a unit to be made

I want accurate answer with proper explanation show all your work please   A firm has redesigned its production process so that now takes 10 hours for a unit to be made

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I want accurate answer with proper explanation show all your work please

 

A firm has redesigned its production process so that now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, applying Little's Law what is the reduction in work-in-process value?

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