United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control.

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United Research Associates (URA) had received a contract toproduce two units of a new cruise missile guidance control. Thefirst unit took 5,000 hours to complete and cost $30,000 inmaterials and equipment usage. The second took 3,750 hours and cost$19,500 in materials and equipment usage. Labor cost is charged at$25 per hour. The company expects “learning” to occur relative tolabor and also the pricing of parts from suppliers.
The prime contractor has now approached URA and asked to submita bid for the cost of producing another 20 guidancecontrols.
a. What will the last unit cost tobuild? (Round your answer to the nearest dollaramount.)
b. What will be the average time for the20 missile guidance controls? (Round your answer tothe nearest whole number.)
c. What will the average cost be forguidance control for the 20 in the contract? (Roundyour answer to the nearest dollar amount.)