Homework Answers
Answer- The time will needed to complete the 8th unit = 56.32 hours.
Explanation-Time will needed to complete the 8th unit = 56.32 hours.
| Units produced | Marginal Labor Time |
| 1 | 110 hours |
| 2 | 110*80%= 88 hours |
| 4 | 88*80%= 70.4 hours |
| 8 | 70.4*80%= 56.32 hours |
Add Answer to:
Bachmann Products, Inc., has found that new products follow a learning curve. The first two units...
107. Young, Inc. has received a contract for 8 units of a new product. The contract...
107. Young, Inc. has received a contract for 8 units of a new product. The contract is a cost-plus contract, with the total to be received equal to the total labour cost + 30%. Young found that the first unit of a new product required 90 hours to complete. The second unit was completed using only 76.5 hours. Young believes that the rate of learning that was observed will continue for all 8 units of the contract. The labour wage...
Marshall Co. produced a pilot run of fifty units of a recently developed piston used in one of it...
Marshall Co. produced a pilot run of fifty units of a recently developed piston used in one of its products. Marshall expected to produce and sell 1,950 units annually. The pilot run required an average of 55 direct labor hours per piston for 50 pistons. Marshall experienced an eighty percent learning curve on the direct labor hours needed to produce new pistons. Past experience indicated that learning tends to cease by the time 800 pistons are produced. Marshall's manufacturing costs...
It took MegaTech, Inc. 200,000 labor-hours to produce the first of several oil drilling rigs for...
It took MegaTech, Inc. 200,000 labor-hours to produce the first of several oil drilling rigs for Antarctic exploration. Your company, Natural Resources, Inc. has agreed to purchase the fifth oil drilling rig from their manufacturing yard. Assume that MegaTech experiences a learning rate of 75%. At a labor rate of $38 per hour, what should you, as the purchasing agent expect to pay for the fifth unit? TN = T1C, Where TN = Time needed to produce the Nth unit...
Part IV-Problems (55 points) A. Highestec, Inc is beginning the production of a new product. Management...
Part IV-Problems (55 points) A. Highestec, Inc is beginning the production of a new product. Management believes that 500 labor hours will be required to complete the new unit. A 90 percent cumulative average-time learning curve model for direct labor hours is assumed to be valid. Data on costs are as follows: S50,000 per unit s20 per direct labor hour $30 per direct labor hour Direct materials Direct labor Variable manufacturing overhead Required: a. Set up a table with columns...
CHAPTER 6: LEARNING CURVE (MONDAY) 1. The unit improvement factor for a 60 percent learning curve at 25 units...
CHAPTER 6: LEARNING CURVE (MONDAY) 1. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5 minutes and 3 minutes respectively. What is the learning-adjusted time estimate for unit number 25? 2. You have just timed a person doing a job a few times. The first time it took the person 25 minutes, the second time it took 20 minutes, and the...
Lambda Computer Products competed for and won a contract to produce two prototype units of a...
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The company expects "learning" to occur relative to labor and also relative to the pricing of materials, equipment and supplies. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and...
Marshall Co. produced a pilot run of seventy units of a recently developed piston used in...
Marshall Co. produced a pilot run of seventy units of a recently developed piston used in one of its products. Marshall expected to produce and sell 1,870 units annually. The pilot run required an average of 0.55 direct labor hours per piston for 70 pistons. Marshall experienced an sixty percent learning curve on the direct labor hours needed to produce new pistons. Past experience indicated that learning tends to cease by the time 1,120 pistons are produced. Marshall's manufacturing costs...
Assume that a certain process has an 95% learning curve effect and the first unit took...
Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: Compute the number of hours required to produce the first 34 units (3 Marks) Compute the number of hours required to produce 34th unit. (2 Marks) iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units
b) Assume that a certain process has an 95% learning curve effect and the first unit...
b) Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: i) Compute the number of hours required to produce the first 34 units (3 Marks) ii) Compute the number of hours required to produce 34th unit. (2 Marks) iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units
Suppose a manufacturing firm acquired a production technology that can be characterized by a learning curve....
Suppose a manufacturing firm acquired a production technology that can be characterized by a learning curve. Every time the firm increase production by one unit, their costs decrease by 10%. The first unit costs them $284 to produce. Prepare a manufacturing cost table up to 15 units and calculate the total cost, marginal cost and average cost. If they receive a proposal to produce and sell 10 units, what is the break-even price? Now, what is the new break-even price...
Marshall Co. produced a pilot run of fifty units of a recently developed piston used in one of its products. Marshall expected to produce and sell 1,950 units annually. The pilot run required an average of 55 direct labor hours per piston for 50 pistons. Marshall experienced an eighty percent learning curve on the direct labor hours needed to produce new pistons. Past experience indicated that learning tends to cease by the time 800 pistons are produced. Marshall's manufacturing costs...
Part IV-Problems (55 points) A. Highestec, Inc is beginning the production of a new product. Management believes that 500 labor hours will be required to complete the new unit. A 90 percent cumulative average-time learning curve model for direct labor hours is assumed to be valid. Data on costs are as follows: S50,000 per unit s20 per direct labor hour $30 per direct labor hour Direct materials Direct labor Variable manufacturing overhead Required: a. Set up a table with columns...
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The company expects "learning" to occur relative to labor and also relative to the pricing of materials, equipment and supplies. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and...
Most questions answered within 3 hours.
-
Assume that capital markets are competitive and that the
international Fisher hypothesis holds. The one-year interest...
asked 7 minutes ago -
Solid potassium phosphate is slowly added to 150 mL of a 0.0518
M calcium nitrate solution....
asked 22 minutes ago -
(CO 2) A field can be added to a report to
values for two or more...
asked 2 hours ago -
Identify 3 research scenarios that might provide a low,
medium, and high degree of variability in...
asked 2 hours ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 3 hours ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 3 hours ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 3 hours ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 4 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 4 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 5 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 6 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 5 hours ago