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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 300 labor hours. Labor at Gale is paid
$64 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.
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