The cumulative average labor hours to assemble the first five units of product A was 15.554 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 19th unit? The number of labor hours required to assemble the 19th unit is hours. (Round to one decimal place.)

The cumulative average labor hours to assemble the first five units of product A was 15.554 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 19th unit? The number of labor hours required to assemble the 19th unit is hours. (Round to one decimal place.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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