Question: Learning curve ( based on 2 0 2 3 exam ) Robotics company manufactures robots designed for healthcare applications. In February 2 0 2 3

Learning curve (based on 2023 exam) Robotics company manufactures robots designed for healthcare applications. In February 2023 the company wins a bid to produce 8 robots of its newest model. The estimated production costs are as follows: * Facility-related manufacturing overhead cost is allocated based on direct labor hour. ** Supporting overhead cost is allocated based on direct material cost. Robotics has an \(80\%\) learning curve. And the company pricing policy is based on full production cost plus a mark up of \(35\%\). Required: a) Calculate the following: i) The selling price of the first robot manufactured. ii) The prices of both the first and second robots manufactured if bought together. (7 marks) iii) The prices of the third and fourth robots manufactured if the first two have already been sold when the order is placed. (9 marks) iv) If all 8 robots are sold to one customer what price would be charged per robot. (9 marks) b) Assume that the first 7 robots have already been purchased by a customer. Another customer orders the 8th robot. What would be the selling price of that 8th robot? (you should use the mathematical method to support your calculations, a 80\% learning curve means the learning coefficient, b =\(0.321928)\)(10 marks)(10 marks) Total: 40 marks
Learning curve ( based on 2 0 2 3 exam ) Robotics

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