A feasible solution is a local minimum if there are no other feasible solutions with a a. set of points defining the minimum possible risk in the entire feasible region. b. same objective function value in the entire feasible region. c. smaller objective function value in the immediate neighborhood. d. same objective function value in the immediate neighborhood.

Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?