Question

1. You are purchasing a special equipment for military use. The supplier reveals its cost structure as follows:

Material cost = $40 per unit

Labor hours = 10 per unit for the first unit, Labor cost = $10/hour

List the material and labor cost and labor + material cost for the first 8 units when the supplier utilizes a learning curve of 85%.

PLEASE PROVIDE THE FORMULA SO I ACTUALLY KNOW HOW TO DO THIS STUFF.

Unit	Material Cost	Labor Cost	Total Cost
1	$40
2	$80
3	120
4	$160
5	$200
6	$240
7	$280
8	$320

Answer 1

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