Please check work and help finish the remaining problems. Thanks.

Use this information to answer the next 5 questions. Your task is to determine the estimated learning rate for production of a new product. You have a sample of actual historical data from a previous product that is considered a good estimate of the learning rate for the new product. This data is as follows: ITEM # TOTAL LABOR HRS. ITEM # TOTAL LABOR HRS. 1 25,000 9 12,994 2 20,650 10 12,644 3 20,117 11 12,292 4 16,887 12 12,943 5 18,320 13 11,593 6 17,430 14 11,341 7 15,385 15 11,001 8 13,407 16 10,310 Question 1 4 pts What is the estimated learning rate for the new product, based upon the data given above? 80% 75% O 92% O 90% Question 2 4 pts If the estimate for the first item of the new product is 50,000 total labor hours, use the estimated learning rate determined in Question 1 to determine the estimated labor hours for new product Item #2? O 89,522 hours 40,000 hours O 25,914 hours O 35,000 hours Question 3 4 pts If the estimate for the first item of the new product is 50,000 total labor hours, use the estimated learning rate determined in Question 1 to determine the estimated labor hours for new product Item #9? O 35,998 hours O 40,000 hours O 19,720 hours O 24,650 hours Question 4 4 pts If the estimate for the first item of the new product is 50,000 total labor hours, use the estimated learning rate determined in Question 1 to determine the estimated labor hours for new product Item #35? O 36,000 hours O 12,736 hours 0 24,650 hours O 15,920 hours Question 5 4 pts Your average wage is $35 per hour. Given the learning rate you found in Question 1 above, and the new product described in Questions 2, 3, and 4 above, what is the total labor cost to make item #1 and the total labor cost to make item #18? Item #1 = $1,750,000 and Item #18 = $690,200 Item #1 = $50,000 and Item #18 = $19,720 O Item #1 and Item #18 = $630,000 each O Item #1 and Item #18 = $1,220,100 each