The following tables show the costs associated with a certain product and the production volume for the four quarters of the business year. Use MATLAB to find (a) the quarterly costs for materials, labor, and transportation; (b) the total material, labor, and transportation costs for the year; and (c) the total quarterly costs.
Product | Unit product costs ($ × 103) | ||
Materials | Labor | Transportation | |
1 | 7 | 3 | 2 |
2 | 3 | 1 | 3 |
3 | 9 | 4 | 5 |
4 | 2 | 5 | 4 |
5 | 6 | 2 | 1 |
Product |
| Quarterly production volume |
| |
Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
1 | 16 | 14 | 10 | 12 |
2 | 12 | 15 | 11 | 13 |
3 | 8 | 9 | 7 | 11 |
4 | 14 | 13 | 15 | 17 |
5 | 13 | 16 | 12 | 18 |
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