ESTIMATING PRICES USING LEARNING RATES A buyer placed an initial order with a supplier for 100 pieces at a per-unit price of $406.25 and has collected the following cost data: Direct Material Costs Direct Labor Costs Overhead Costs Total Costs of Goods Sold Seller's Profit (25% of total) $200/unit $50/unit (5 hours/unit at $10/hour labor rate) $75/unit (calculated at 150% of direct labor) $325/unit $81.25 cost markup Total price per unit = $406.25 The buyer now wants to place an order for an additional 700 pieces. She believes the supplier's workforce will become more efficient as they take on more volume. 9.) Calculate how many labor hours will be required for volumes of 100 and 200 units respectively assuming a learning curve of 80%. (3 points) a. 60 and 80 labor hours b. 500 and 800 labor hours c. 100 and 200 labor hours d. 500 and 200 labor hours 10.) Calculate how many labor hours will be required for volumes of 400 and 800 units respectively assuming a learning curve of 80%. (3 points) a. 400 and 800 labor hours b. 4000 and 8000 labor hours c. 1280 and 2048 labor hours d. 1545 and 2250 labor hours 11.) What are the labor dollars per unit for the next 700 pieces? (3 points) a. $22.11/unit b. $13.56/unit C. $17.17/unit d. $24.50/unit e. $32.10/unit ESTIMATING PRICES USING LEARNING RATES A buyer placed an initial order with a supplier for 100 pieces at a per-unit price of $406.25 and has collected the following cost data: Direct Material Costs Direct Labor Costs Overhead Costs Total Costs of Goods Sold Seller's Profit (25% of total) $200/unit $50/unit (5 hours/unit at $10/hour labor rate) $75/unit (calculated at 150% of direct labor) $325/unit $81.25 cost markup Total price per unit = $406.25 The buyer now wants to place an order for an additional 700 pieces. She believes the supplier's workforce will become more efficient as they take on more volume. 9.) Calculate how many labor hours will be required for volumes of 100 and 200 units respectively assuming a learning curve of 80%. (3 points) a. 60 and 80 labor hours b. 500 and 800 labor hours c. 100 and 200 labor hours d. 500 and 200 labor hours 10.) Calculate how many labor hours will be required for volumes of 400 and 800 units respectively assuming a learning curve of 80%. (3 points) a. 400 and 800 labor hours b. 4000 and 8000 labor hours c. 1280 and 2048 labor hours d. 1545 and 2250 labor hours 11.) What are the labor dollars per unit for the next 700 pieces? (3 points) a. $22.11/unit b. $13.56/unit C. $17.17/unit d. $24.50/unit e. $32.10/unit