A new entrepreneur wants to estimate the costs of an offside team-building event for her 14 employees. She was able to gather the following information on a 3-day program in which she is interested. Use the unit technique to estimate the cost per employee of this event. Assume there will 100% participation in all activities. Your boss asked you to estimate the required number of units sold to achieve a profit of $26, 500 per year. Currently, the product is sold at $1800 per unit. You have collected the following information: If the units sold must account for total production costs and desired profit, how many units of production would you recommend to your boss? Kodak, Inc. is designing a new digital Camcorder that is projected to have the following per-unit costs to manufacture: Kodak adds 30% to its manufacturing cost for corporate profit. a. What unit profit would Kodak realize on each camcorder? b. What is the overall cost to produce a batch of 10,000 camcorders? c. What would Kodak's profit be on the batch of 10,000 if historical data show that 1% of product will be scrapped in manufacturing 3% of finished product will go unsold, and 2% of sold product will be returned for refund? HBI Inc. seeks to schedule manual labor for 18 new homes being constructed. Historical data leads HBI to apply a 92% learning curve rate to the manual labor portions of the project. If the first home requires 3, 500 manual labor hours to build, estimate the time required to build: a. The fifth house b. The tenth house c. All 18 houses. d. What would the manual labor estimate be for all 18 of the HBI houses in the problem above if the learning curve rate is (1) 70% (2) 75% and (3) 80%? A new entrepreneur wants to estimate the costs of an offside team-building event for her 14 employees. She was able to gather the following information on a 3-day program in which she is interested. Use the unit technique to estimate the cost per employee of this event. Assume there will 100% participation in all activities. Your boss asked you to estimate the required number of units sold to achieve a profit of $26, 500 per year. Currently, the product is sold at $1800 per unit. You have collected the following information: If the units sold must account for total production costs and desired profit, how many units of production would you recommend to your boss? Kodak, Inc. is designing a new digital Camcorder that is projected to have the following per-unit costs to manufacture: Kodak adds 30% to its manufacturing cost for corporate profit. a. What unit profit would Kodak realize on each camcorder? b. What is the overall cost to produce a batch of 10,000 camcorders? c. What would Kodak's profit be on the batch of 10,000 if historical data show that 1% of product will be scrapped in manufacturing 3% of finished product will go unsold, and 2% of sold product will be returned for refund? HBI Inc. seeks to schedule manual labor for 18 new homes being constructed. Historical data leads HBI to apply a 92% learning curve rate to the manual labor portions of the project. If the first home requires 3, 500 manual labor hours to build, estimate the time required to build: a. The fifth house b. The tenth house c. All 18 houses. d. What would the manual labor estimate be for all 18 of the HBI houses in the problem above if the learning curve rate is (1) 70% (2) 75% and (3) 80%
