Purple Airlines has ordered 30 small jets from its supplier. The supplier has estimated the first aircraft will require 350 days of direct labor to manufacture and assemble. Based on past experience, the supplier estimates the learning curve to be 75%. Estimate the number of days of direct labor for the 15th jet aircraft.

a. 113.75 days
b. 115.32 days
c. 120.43 days
d. 116.87 days


a. 113.75 days

Business

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Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and the company's monthly target profit is $28,000. The dollar sales to attain that target profit is closest to:

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