1) (18 points) Chair Master is examining office chair assembly costs at its Istanbul plant. It has received an initial order for nine of its new expensive office chairs. Chair Master adapts a labor- intensive assembly model with the following data. Total cost of Chair Master is equal to the sum of direct material cost, material handling-related indirect manufacturing cost, equipment related indirect manufacturing cost, and labor cost. Labor-Intensive Assembly Model $50 Direct material cost per chair Direct-assembly labor time for the first chair Learning Curve for assembly labor time 10 labor-hours per chair 80% cumulative average time $ 40 per hour Direct-assembly labor cost Equipment-related indirect manufacturing cost Material handling-related indirect manufacturing cost $ 10 per direct-assembly labor hour 60% of direct material cost b=In 0.80/ In 2 = -0.32193 i) How many direct-assembly labor-hours are required to assemble the first 9 chairs under the labor-intensive method if they observe cumulative average-time learning model? ii) What is the total cost of assembling the first nine chairs under the labor-intensive method? iii) Calculate the individual number of hours spent to produce 6th chair