Gidgets, Inc. manufactures gadgets. Each new employee takes 8 hours to assemble their first gadget, and the average time per gadget after the second gadget is made is 6 hours. The labor rate is $20 per hour.

a. What is the learning-curve percentage? (2 Points)

b. What is the total time needed for a new employee to build eight gadgets using the cumulative average time method (round average times to four decimal places and total time to two decimal places)? (4 Points)

c. What is a new employee's total expected labor cost to assemble eight gadgets (round to two decimal places)? (2 Points)

d. What is a new employees total expected labor cost to assemble 4 gadgets using the incremental learning curve model and assuming the second unit took 6 hours to make? The factor for a 75% learning curve is -.41504. (2 points)