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    Learning Curve Calculations

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    1) 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.

    a) 5408 hours
    b) 4855 hours
    c) 23112 hours
    d) 4155 hours

    2) Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)
    Unit Number (X) Unit Cost (Y)
    1 600.00
    2 578.00
    3 565.51
    4 555.81
    a) Y = (600)(X)0.6931
    b) Y = (600)(X)-0.0539
    c) Y = (600)(X)-0.1047
    d) Y = (600)(X)0.9300

    3) Given the following unit learning curve equation, which statement is correct?
    a) Y represents the cost of the 1250th unit
    b) The slope equals 92%
    c) The slope equals 87.97%
    d) Y is the cost of the first unit.

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    Solution Summary

    3 learning curve problems are solved in an attached Word document.