Banana Corp. manufactures CD players for old folks who still have a lot of CDs they...

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Banana Corp. manufactures CD players for old folks who still have a lot of CDs they like. It has just completed manufacture of its first unit. Manufacturing data follow: Direct material cost Direct manufacturing labor for first unit Learning curve for mfr labor time per CD player Direct manufacturing labor cost Variable manufacturing overhead cost $43 per CD player 2 direct manufacturing labor-hours 80% cumulative average time $30 per direct mfr labor-hour $12 per direct mfr labor-hour using the formula for an 80% learning curve, b = In. 80 = -0.223144 = -0.321923 In 2 0.693147 1. Calculate total variable costs of producing the first eight (8) units. (You will want to round hours to three decimal places here to get a meaningful answer.) 2. Assume same information, except Banana Corp. decides to use an 80% incremental unit time learning curve model (b = -0.321923) to predict direct manufacturing labor hours. Then what would be the total variable cost of producing the first eight (8) units? Banana Corp. manufactures CD players for old folks who still have a lot of CDs they like. It has just completed manufacture of its first unit. Manufacturing data follow: Direct material cost Direct manufacturing labor for first unit Learning curve for mfr labor time per CD player Direct manufacturing labor cost Variable manufacturing overhead cost $43 per CD player 2 direct manufacturing labor-hours 80% cumulative average time $30 per direct mfr labor-hour $12 per direct mfr labor-hour using the formula for an 80% learning curve, b = In. 80 = -0.223144 = -0.321923 In 2 0.693147 1. Calculate total variable costs of producing the first eight (8) units. (You will want to round hours to three decimal places here to get a meaningful answer.) 2. Assume same information, except Banana Corp. decides to use an 80% incremental unit time learning curve model (b = -0.321923) to predict direct manufacturing labor hours. Then what would be the total variable cost of producing the first eight (8) units?