(Answered) : Refer Table Assume Company Involved Finds Learning Rate 80 Percent 80 Percent Learning Ra Q35108627

Refer to the tablebelow. Assume that the company involved now finds that the learningrate is 80 percent. The 80 percent learning rate coefficient is-0.321928; that is b = -0.321928 in the formula Y= aXb.

Required:

Using the formula,Y = aXb, compute the labortime and costs for 5, 6, and 7 units. (Round yourintermediate calculations (except for coefficient) and finalanswers to 2 decimal places.)

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unit produced——labor time required to produce the x thunit—–cumulative total time in labor———-totalcost——average cost
(x) (I,e. the last single unit produced)——-    hrs.(2) (3) per unit (4)
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1. 100.00    100.00 5000.00    5000.00
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2.    80.00