The labor cost to produce a certain item is $8.50 per hour. Job setup costs $50 and material costsare $20 per unit. The item can be purchased for $88.50 per unit. The learning rate is 90 percent.Overhead is charged at a rate of 50 percent of labor, materials, and setup costs.a. Determine the unit cost for 20 units, given that the first unit took 5 hours to complete.b. What is the minimum production quantity necessary to make production cost less than purchasecost?

A new product made from recycled bio-plastics needs 20 labor hours to complete the build for the first unit. If production operates at a 85% learning curve rate, calculate the average labor hours required per unit to produce five units.

A newly established electric car company estimates that the manufacturing time for their 4th car to be 77.0 hours. Given an 85.0 learning percentage and a labor/overhead cost of $650 per hour, what's the total labor/overhead cost for the first set of 10 cars of the run

Girish Shambu and Delores Reisel are teammates at a discount store; their new job is assembling bicycles for customers. Assembly of a bike has a learning rate of 75%. They forgot to time their effort on the first bike, but spent 5 hours on the second. They have 6 more bikes to do. Determine approximately how much time will be (was) required for: a) The 1st unit= hours (round your response to two decimal places). b) The 8th unit-hours (round your response to two decimal places). c) The total amount of hours to build the 8 units-hours (round your response to two decimal places).