The learning curve model can also be used to estimate labor hours. This has application in...
The learning curve model can also be used to estimate labor hours. This has application in the healthcare field, where experience in performing medical procedures can lower the average labor time per procedure.
Labor hours will be entered for the 'costs.'
If the cumulative average labor for a procedure was 10 hours for the first four procedures, and the learning rate is 0.95, what is the cumulative average time for the first 120 procedures?
Enter your answer to two decimal places.
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The learning curve model can also be used to estimate labor
hours. This has application in...
10 Points What is the labor-hour estimate for a 95% learning curve unit #16, if the...
10 Points What is the labor-hour estimate for a 95% learning curve unit #16, if the first unit is 100 man- hours? a. 95 labor-hours b. 80.45 labor-hours 90.25 labor-hours d. None of the above c.
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Learning curves are used in production operations to estimate the time required to complete a repetitive...
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This is what I have so far. I don't know if the answers are right Learning...
This is what I have so far. I don't know if the answers are
right
Learning Curve Sharon Glessing, controller for Janson Company, has noticed that the company faces a 80 percent learning rate for its specialty design line. In planning the cost of the latest design, Sharon assumed that the first set of units would take 1,100 di labor hours. She decided to use this information in budgeting for the cost of the total project, which would involve the...
(1) Let us suppose it costs $70 to produce the 80th unit, assuming a learning rate...
(1) Let us suppose it costs $70 to produce the 80th unit, assuming a learning rate of 95%, determine the cost of the 160th unit. (2) If the 4th unit took 24 hours to produce, and the 20th unit took 19 hours to produce, what would the learning rate be? Note: Express your answer in decimal places, i.e., if your answer is 40.56%, enter in 0.4056. (3) Let us suppose it costs $500 to produce the 120th unit, assuming a...
Harper Ltd is a manufacturer of rowing boats. It has designed a new boat called the...
Harper Ltd is a manufacturer of rowing boats. It has designed a new boat called the Seafarer and expects to produce the Seafarer in a continuous operation over an 18 month period During this period, it is expected that a total of sixteen Seafarer's will be produced and sold. The production of the Seafarer is a labour intensive operation and units are produced one after another The costs of producing the first Seafarer are as follows Skilled Labour 1,000 hours...
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40. The labour cost to construct the first unit of a special piece of equipment was $126,000. If labour costs are subject to a 90% learning curve, what will be the cost to build the second unit? Use the following values as needed to respond In(95%) / ln(2)s-0074 In(90%) /ln(2) =-0.152 In(8596) / ln(2) =-0.234 In(80%) / In(2) =-0.322 n(75%)/In(2) =-0.415 In(70%)/In(2) -0.515 a) $126,000 b) $113,000 c) $100,800 d) $113,400 Answer: d 41 A firm will build 8 units...
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Accounting
Ellington Company manufactures a line of motorbikes and dirt bikes under the trade name CrossCountry. The company has been in business for almost 20 years and has maintained a profitable share of the recreational vehicle market due to its reputation for high-quality products. In addition, Ellington’s engineering department has kept the company in the forefront by incorporating the latest technology in the CrossCountry bikes. Most subassembly work for the bikes is subcontracted to reliable vendors. However, the final assembly and...
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10 Points What is the labor-hour estimate for a 95% learning curve unit #16, if the first unit is 100 man- hours? a. 95 labor-hours b. 80.45 labor-hours 90.25 labor-hours d. None of the above c.
4 The Learning Curve The Mountain M" bike workshop can only sell exactly one customized bike every month, because the eity only agrees to issue one plate for this type of modified bike per month. So they make exactly one every month. During the first year of business (12 bikes was made), on average they can make a bike in 100 labor hours. During the second year of business (anot her 12 was made), they improved a lot and were...
This is what I have so far. I don't know if the answers are
right
Learning Curve Sharon Glessing, controller for Janson Company, has noticed that the company faces a 80 percent learning rate for its specialty design line. In planning the cost of the latest design, Sharon assumed that the first set of units would take 1,100 di labor hours. She decided to use this information in budgeting for the cost of the total project, which would involve the...
Harper Ltd is a manufacturer of rowing boats. It has designed a new boat called the Seafarer and expects to produce the Seafarer in a continuous operation over an 18 month period During this period, it is expected that a total of sixteen Seafarer's will be produced and sold. The production of the Seafarer is a labour intensive operation and units are produced one after another The costs of producing the first Seafarer are as follows Skilled Labour 1,000 hours...
40. The labour cost to construct the first unit of a special piece of equipment was $126,000. If labour costs are subject to a 90% learning curve, what will be the cost to build the second unit? Use the following values as needed to respond In(95%) / ln(2)s-0074 In(90%) /ln(2) =-0.152 In(8596) / ln(2) =-0.234 In(80%) / In(2) =-0.322 n(75%)/In(2) =-0.415 In(70%)/In(2) -0.515 a) $126,000 b) $113,000 c) $100,800 d) $113,400 Answer: d 41 A firm will build 8 units...
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