Question: Refer to the table below. Gale Technologies is proposing to build a new component for sale to a private space exploration company. Engineers at the
Refer to the table below. Gale Technologies is proposing to build a new component for sale to a private space exploration company.
Engineers at the company expect a learning rate of percent. The first unit is expected to take labor hours. Labor at Gale is paid
$ per hour. The percent learning rate coefficient is rounded; that is in the formula
Required:
Using the formula, recompute the labor time and costs for the first eight units with the new learning rate, hours for the first
unit, and the hourly labor cost.
Note: Do not round your intermediate calculations. Round Time to Build Unit X Cumulative Time to decimal places and Total
Cost, Average Cost to decimal places.
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