Question: Problem 5-70 (Static) Learning Curves (Appendix B) (LO 05-10) Refer to the table below. Assume that the company involved finds that the learning rate

Problem 5-70 (Static) Learning Curves (Appendix B) (LO 05-10) Refer to the

Problem 5-70 (Static) Learning Curves (Appendix B) (LO 05-10) Refer to the table below. Assume that the company involved finds that the learning rate is 90 percent. The 90 percent learning rate coefficient is -0.152004; that is b= -0.152004 in the formula Y = axb. Required: Using the formula, Y= ax, compute the labor time and costs for 2 to 8 units. (Do not round your intermediate calculations. Round your final answers to 2 decimal places.) Unit Produced (X) 1 2 3 4 5 6 7 8 Labor Time Required to Produce the Xth Unit (i.e, the Last Single Unit Cumulative Total Time in Labor Hours Total Cost Average Cost per Unit Produced) (Y) 100.00 100.00 $ 5,000.00 $ 5,000.00

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