A new product is under development. The product will be manufactured in batches. The first batch...
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A new product is under development. The product will be manufactured in batches. The first batch is expected to take 2,000 labour hours to manufacture. There will be a 95% learning curve that will continue until 48 batches have been produced. Calculate the expected time required to produce the 48th batch of this new product. A new product is under development. The product will be manufactured in batches. The first batch is expected to take 2,000 labour hours to manufacture. There will be a 95% learning curve that will continue until 48 batches have been produced. Calculate the expected time required to produce the 48th batch of this new product.
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Answer rating: 100% (QA)
Answer Calculate the expected time required to produce 48 th batch Answer Expected time for 48 th batch is 3132 hours Working We use Wrights law of le... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Posted Date:
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