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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
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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