Exercise(1):Given =85% _1=120hrs Labor cost =17$ per hour If the company policy is to charge the customer 3 times the Labor cost 1-Find average price per unit for the first 10 units Using Learning Curve Table 2-Find average price per Unit for two cases :(a)the first 10 units if LR=70% and (b)the first 5 units if LR=90% Exercise (1): Given M=85% _1=120hrs Laborcost = 17$ per hourIf the company policy is to charge the customer 3times the Labor cost1- Find average price per Unit for the first 10 unitsUsing Learning Curve Table.2- Find average price per Unit for two cases: (a) thefirst 10 unites if LR=70% and (b) the first 5 unitesif LR=90%.

Given that: For Question 1: Given LR Time(Hrs) Labor Cost per hour (Lc) 85% 120 $17 For…

Answered: LR=90% | bartleby

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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Exercise(1):Given   =85%  _1=120hrs  Labor cost =17$ per hour If  the company policy is to charge the customer 3 times the Labor cost
1-Find average price per unit for the first 10 units Using Learning Curve Table
2-Find average price  per Unit for two cases :(a)the first 10 units if LR=70% and
(b)the first 5 units if LR=90%

Exercise (1): Given M=85% _1=120hrs Labor
cost = 17$ per hour
If the company policy is to charge the customer 3
times the Labor cost
1- Find average price per Unit for the first 10 units
Using Learning Curve Table.
2- Find average price per Unit for two cases: (a) the
first 10 unites if LR=70% and (b) the first 5 unites
if LR=90%.

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