Use this data table to answer the question. Open the improvement curve spreadsheet tool, found in your Resources tab.
LOT QTY START END HOURS
1 2,800 1 2,800 14,700
2 4,700 2,801 7,500 23,030
3 3,820 7,501 11,320 16,808
The current contract calls for a total of 40,000 units. What is the ESTIMATED cost (hours) for the remaining portion of the 40,000 units, assuming it is 1 single lot?
In order to estimate the cost of a lot that has not yet been produced, you must enter your data into the Estimates section of the improvement curve spreadsheet tool. You can always determine the first unit of a lot by adding 1 unit to the previous lot's last unit.