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Your boss formed a new company for making pre-stressed concretestructures for bridge segments. She...

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Accounting

Your boss formed a new company for making pre-stressed concretestructures for bridge segments. She expects to have an 85% learningcurve, and the first 100 structures took 220 labor hours. Constructa table showing the estimated labor hours by 100 units constructedneeded to construct the first 1,000 pre-stressed concretestructures. Include columns for cumulative total and cumulativeaverage in your table.?

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85% Learning Curve:
This means Cumulative Average Production time per unit will be reduced by (100-85) =15% as the cumulative production quantity doubles
A B C=B/A
Cumulative Cumulative
Production Average
Cumulative Quantity Time(labor hour) Time per unit
100 220 2.2
200 374 1.87 (0.85*2.2)
400 635.8 1.5895 (0.85*1.87)
800 1080.86 1.351075 (0.85*1.6895)
A Production Time For Cumulative quantity of 800 1080.86
B Time Required for additional 200 quantity 270.215 (200*1.351075)
C=A+B Time Required for 1000 quantity 1351.075
(It is assumed there is no change in average time per unit for production of additional 200 units beyond 800 cumulative quantity
Because the range is much lower than cumulative quantity of(800*2)=1600
Labor hours required for 1000 quantity 1351
Average labor hour per unit 1.351

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In: AccountingYour boss formed a new company for making pre-stressed concretestructures for bridge segments. She expects...Your boss formed a new company for making pre-stressed concretestructures for bridge segments. She expects to have an 85% learningcurve, and the first 100 structures took 220 labor hours. Constructa table showing the estimated labor hours by 100 units constructedneeded to construct the first 1,000 pre-stressed concretestructures. Include columns for cumulative total and cumulativeaverage in your table.?

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