b) Astra company produces single product. The first unit of a new product requires (choose between 150 to 180 hours in multiple of 5 to manufacture. It is anticipated that 80% learning curve applies. Required: Use the data provided above about Astra company, identify 2 methods of the concept above and calculate cumulative average time and total time to produce 2 units and 8 units. ( show your answer up to 2 decimal places) (Learning Curve)
b) Astra company produces single product. The first unit of a new product requires (choose between 150 to 180 hours in multiple of 5 to manufacture. It is anticipated that 80% learning curve applies. Required: Use the data provided above about Astra company, identify 2 methods of the concept above and calculate cumulative average time and total time to produce 2 units and 8 units. ( show your answer up to 2 decimal places) (Learning Curve)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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