Expenses per jacket at the Overhill factory
$8.00
Factory
Maintenance
$6.00
Factory
Maintenance
Materials
cost
Factory
Maintenance
$4.00
Materials
Materials
$2.00+
Labor
Labor
Labor
1940
2000
1970
year
Which of these is a true statement about the cost of making an Overhill jacket?
01. Labor in 2000 cost more than the cost of labor and materials in 1940.
2. The cost of a jacket has doubled since 1940.
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3. Factory maintenance costs have increased significantly since 1970.
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4. In 1940, material costs were more than 50% of the total cost.