apter 3 Homework ebook Cumulative Average Time Learning Curve Pohman Company makes aircraft engines. Poliman has noticed that, in general, each new engine design is subject to an 80 percent learning rate. Assume that the first unit produced takes 500 hours, and direct labor paid an average of $50 per hour Required 1. Set up a table with columns showing: the cumulative number of units, cumulative average time per unit in hours, and cumulative total time in hours. Show results by row for total production of: one engine, twe engines, four engines, eight engines, sixteen engines, and thirty-two engines. (Round hour answers to two decimal places.) Cumulative Number of Units Cumulative Average Time per Unit in Hours Cumulative Total Time Labor Hours 16 32 2. What is the total labor cost if Pohiman manufactures the following number of engines: one, four, or teen? Cost for manufacturing one engine Cost for manufacturing four engines Cost for manufacturing sixteen engines DO What is the average cost per engine for the following number of engines: one, four, or sixteen? (Round your answers to the nearest dollar) Average cost per system for one engine Chapter 3 Homework ebook Print hem 32 2. What is the total labor cost if Pohlman manufactures the following number of engines: one, four, or sixteen? Cost for manufacturing one engine Cost for manufacturing four engines Cost for manufacturing sixteen engines ,000 Accounting numeric field What is the average cost per engine for the following number of engines: one, four, or sixteen) (Round your answers to the nearest dollar) Average cost per system for one engine Average cost per system for four engines Average cost per system for sixteen engines 3. What if Pohlman is preparing a bid to build 16 engines? If necessary, round your answers to both parts to the nearest dollar. Calculate budgeted labor cost for an engine design which Pohlman has built before (assume that 16 of these engines had been made previously and the first unit book 500 hours) Calculate budgeted labor cost for a new engine design that Pohlman's workers have never made before (assume the first unit will take 500 hours)