Problem 1 (12 points): There is some data available for a relatively new product that is assembled manually, Because it

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Problem 1 12 Points There Is Some Data Available For A Relatively New Product That Is Assembled Manually Because It 1 (29.62 KiB) Viewed 33 times

Problem 1 (12 points): There is some data available for a relatively new product that is assembled manually, Because it is a repetitive method, the concepts of the learning can be used to estimate times and costs. The average labor cost is about $20 per hour. The time it took for the very first unit was 30 minutes working at a learning curve percentage of 80%. a. What is the time required for the 50th unit? (6 pts.) b. How much will be the labor cost assigned to each assembled unit (using the result from part (a))? (6 pts.)