Cost Accounting

Refer to the table below. Assume that the company involved now finds that the learning rate is 90 percent. The 90 percent learning rate coefficient is -0.152003; that is b = -0.152003 in the formula Y = aX^b.

Required:

Using the formula, Y = aX^b, compute the labor time and costs for 5, 6, and 7 units. (Round your intermediate calculations (except for coefficient) and final answers to 2 decimal places.

Unit Produced (X)	Labor Time Required to Produce the Xth Unit (i.e., the last single unit produced)1 (Y)	Cumulative Total Time in Labor- Hours(2)	Total Cost(3)	Average Cost per Unit(4)
1	100.00	100.00	$5,000.00	$5,000.00
2	90.00	190.00	9,500.00	4,750.00
3	84.62	274.62	13,731.03	4,577.01
4	81.00	355.62	17,781.03	4,445.26
5
6
7
8	72.90	657.37	32,868.63	4,108.58