Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for a 12-session class.
From previous experience, you know that your firm follows an 85 percent learning rate. For this contract, it appears the effort will be substantial, running 40 hours for the first session. Your firm bills at the rate of $90/hour plus 20 percent to cover overhead.
Considering all the above definitions, calculate the time it takes to product the nth session, the cumulative time, the cost for the session, and the cumulative cost.
You must submit your spreadsheet with your calculations.