A Technical Solution Provider wants to sharpen their bid process based on a typical 85% learning rate for program installations that occur onsite at the client facility. The first module installation requires1200 labor hoursand thelabor rate utilized is $65/hrwhich includes direct and indirect costs. The V.P. of Sales wants to sell installations in bundles of 5 modules using learning curve advantages. The slope forthe 85%learning curve is -0.234. The company uses aprofit margin of 30% of the cost.

Calculate the following details for the first order of five module installations. Use 4 decimal places in calculations.(Note: use a piece of scrap paper and provide the answers only in the space below).

a.Average manufacturing time per unit

b.Average cost per unit

c.Average price per unit that the customer expects to pay as it benefits from the learning curve concept.