Question
You need to estimate the cost of manufacturing a batch of 25 units. The learning rate is expected to be 85%. Given that the first
You need to estimate the cost of manufacturing a batch of 25 units. The learning rate is expected to be 85%. Given that the first unit took 5 hours to complete, how many hours will the 10th unit take to make? How many hours will the 25th unit take to make? How many hours in total will it take to finish all 25 units? The labor to manufacture this product costs $10.00 an hour. Each batch of 25 units has a one-time setup cost of $200. The material cost for each unit is $27 per unit. How much will it cost to manufacture 25 units when taking into account the labor, setup, and materials? The time to complete the second unit was different than expected. It actually took 3.75 hours. Given that new information, what is the actual learning rate for production
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