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Refer to the table below. Assume that the company involved now finds that the learning rate is 73 percent. The 73 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 73 percent. The 73 percent learning rate coefficient is-0.454032; that is b _-0.454032 in the formula Y-aX" 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.) Labor Time Required to Cumulative Unit Produced Unit (i.e., the last single unit produced)1 Produce the Xth Total Time Total Cost(3) Average Cost per Unit(4) in Labor- Hours(2) 2 3 4 100.00 73.00 60.73 53.29 173.00 233.73 287.02 100.00 $ 5,000.00$ 5,000.00 8,650.00 11,686.28 14,350.78 4,325.00 3,895.43 3,587.70 7 38.90 459.74 22,986.78 2,873.35

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