Solution-Estimate the cost of the 20th unit

Estimate the cost of the 20th unit

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Reference no: EM13863255

Question: 1) Given the following unit learning curve equation, which statement is correct?

Y = 118 (X)-0.286304

The slope equals 1 - 0.286304 = .7137 or 71.37%

118 is the theoretical cost of the first unit

118 represents the unit you are estimating

Y represents the cost of the first unit

2) The first unit required 9800 hours to manufacture. The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit. (Round intermediate calculations to 4 decimal places)

23112 hours

5408 hours

4855 hours

4155 hours

Reference no: EM13863255

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Estimate the cost of the 20th unit

Reference no: EM13863255

Reference no: EM13863255

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