Refer to Problem 3-24. Now assume that an 80 percent incremental unit-time learning curve model is applicable.

Question:

Required:

1. Set up a table with columns for cumulative number of units, individual unit time for the nth unit in hours, cumulative total time in hours, and cumulative average time per unit in hours. Complete the table for 1, 2, 4, 8, 16, and 32 units.

2. What are the total variable costs of producing 1, 2, 4, 8, 16, and 32 units?

3. Why do the results for this problem vary from those for Problem 3-24?

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