Question
Refer to the table below. Gale Technologies is proposing to build a new component for sale to a private space exploration company. Engineers at the
Refer to the table below. Gale Technologies is proposing to build a new component for sale to a private space exploration company. Engineers at the company expect a learning rate of 85 percent. The first unit is expected to take 200 labor hours. Labor at Gale is paid $60 per hour. The 85 percent learning rate coefficient is 0.23447 (rounded); that is b = 0.23447 in the formula Y = aXb.
Required:
Using the formula, Y = aXb, recompute the labor time and costs for the first eight units with the new learning rate, hours for the first unit, and the hourly labor cost.
Note: Do not round your intermediate calculations. Round Time to Build Unit X, Cumulative Time to 3 decimal places and Total Cost, Average Cost to 2 decimal places.
unit (x) | time to build unit X | cumulative time | total cost | average cost |
1 | ||||
2 | ||||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 |
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