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Table 13-6
Wooden Chair Factory
-Refer to Table 13-6. Each worker at the Wooden Chair Factory costs $12 per hour. The cost of each machine is $20 per day regardless of the number of chairs produced. What is the total daily cost of producing at a rate of 55 chairs per hour if the factory operates 8 hours per day?
Nearest 0.01%
A method of rounding numbers to the closest hundredth of a percent.
Coffee Fund
Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.
Allocated
Distributed or assigned for a specific purpose or to a particular person.
Compute
To calculate or process information, often using a computer or mathematical algorithms.
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