Question
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
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 = aXb.
Required:
Using the formula, Y = aXb, 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 # Labor Time Required to Produce the Xth Unit (Y) Tot Time in Labor Hours (2) Total Cost (3) Average Cost per Unit (4)
5 ? ? ? ?
6 ? ? ? ?
7 ? ? ? ?
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