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Hi
Could you please explain how workings Forfarshire and second column of table are done?
First column is cumulative output and se on is average time per unit (hrs)
Thanks
1 for average time pu 2 = 2
2 for average time pu 2*0.95 1.9000
4 for average time pu 1.905*0.95 = 1.8050
8 for ave time pu 1.7148
16 for ave time pu 1.6290
32 for ave time pu 1.5476
64 for ave time pu 1.4702
128 for ave time pu 1.3967 so this is 128*1.3967 = 178.77 is the total time taken for 128
So how do you find an average time and average cost?
take 178.77/128 = 1.396 * $15 = 20.95
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