The formula to calculate the Assembly Cost (AC) is:
\[ AC = AT \times LC \]
Where:
The assembly cost is the total cost incurred for assembling a product, calculated by multiplying the assembly time by the labor rate for assembly.
Example 1:
Using the formula:
\[ AC = 5 \times 20 = 100 \text{ dollars} \]
Example 2:
Using the formula:
\[ AC = 8 \times 15 = 120 \text{ dollars} \]
