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Refer to the table below. Assume that the company involved now finds that the learning rete is 90 percent. The 90 percent leaming rate
Refer to the table below. Assume that the company involved now finds that the learning rete is 90 percent. The 90 percent leaming rate coefficient is -0152003; that is b=-0.152003 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 Unit Produced Produce the Xth Unit (Le, the last (X) 1 single unit produced 1 3 Cumulative Total Time in Labor- Total Cost(3) Average Cost per Unit(4) Hours(2) 100.00 100.00 $ 5,000.00 $ 5,000.00 2 90.00 190.00 9,500.00 4.750.00 3 04.62 274.62 13,731.03 4.577.01 4 81.00 35682 17,781.03 4,445.26 5
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