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Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: Compute the number of hours
Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce.
Required:
- Compute the number of hours required to produce the first 34 units (3 Marks)
- Compute the number of hours required to produce 34th unit. (2 Marks)
- iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units
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