ANSWER :: (A) 95 Labor Hours
=> Explanation ::
-> Here Are Not Mentioned Which Numebr Of Unite Labor hours Estimate Require So We Assume It Is First unit But I Calculate The First Three Unit ::
-> For First Unit Take Labor Hours
= 100 *0.95
= 95 Labor Hours
-> Second Unit Take Labor Hours
= 100 * 0.95 * 0.9.5
= 90.25 Labor Hours
-> Third Unit Take Labor Hours
= 100 * 0.95 * 0.95 * 0.95
= 85.73 Labor Hours
10 Points What is the labor-hour estimate for a 95% learning curve unit #16, if the...
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
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
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...
A job with a 95% learning curve required 19 hours for the second unit. The first unit should require approximately how many hours?
3) A product has an average labor cost of $10/hr. The overhead expenses are 100% of labor cost. Time for the first unit-10 hours. Time for the fourth unit= 8.1 hours. Answer the following questions: (10 Points) a) Find the learning curve percentage for the production of this product b) What is the labor cost and overhead cost for the 500-th unit? 3) A product has an average labor cost of $10/hr. The overhead expenses are 100% of labor cost....
7. (16 points) Estimate the cost of a new product give the following information: Material required to make the product includes 4 total parts-2 A's, 1 B and 1 C. Part Quantity Per Price per Part matedol Costs $9 (9x2)+7+12 43 $7 $18 Labor: Estimate the labor required to make the 20 unit. The product has a 80% learning curve. The time it took to build the first unit was 40 minutes. Labor cost $16/hour. Overhead is 140% of Material...
2. A firm's learning curve is: L = BN-42 where L is per unit labor usage and N is cumulative output. How much does the per unit labor usage fall for each doubling of cumulative output? a. 19.6% b. 21.5% c. 25.3% d. 27.9% e. none of the above
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...
UNIT CODE: BAF2202 UNIT TITLE: MANAGEMENT ACCOUNTING I 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 Compute the number of hours required to produce 34th unit. iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units Differentiate between management accounting and financial accounting Highlight the...
Learning Curve percentage 0.80 Exponent for an 80% learning curve -0.321900 Direct Material Cost, per unit $74,400.00 DMLH, for first unit 2,790.00 DML$, per hour $23.25 VMOH, per DMLH $13.95 (6) Calculate the total variable cost of producing 2, 4, 8, and 16 units, using the Cumulative average-time model. (7) Calculate the total variable cost of producing 2, 3, 4, and 5 units, using the Incremental unit-time model.