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Refer to the table below. Assume that the company involved now finds that the learning rate is 85 percent. The 85 percent learning rate coefficient

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Refer to the table below. Assume that the company involved now finds that the learning rate is 85 percent. The 85 percent learning rate coefficient is -0.234465; that is b=-0.234465 in the formula Y= axt Required: Using the formula. Y= ax 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 S 5,000.00 $ 2 85.00 77.29 185.00 262.29 334.54 3 5,000.00 4,625.00 4,371.52 4,181.77 9,250.00 13. 114.57 16,727.07 4 72.25 5 6 7 8 61.41 593.58 29,679.22 3,709.90

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