Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hey the answers to this question are wrong, can a helper please explain how the other helpers got the their answers because me and my
Hey the answers to this question are wrong, can a helper please explain how the other helpers got the their answers because me and my classmates are confused. No rush, thank you very much.
2. [Module E: 10 points). You are hired at a local company. Your job is to develop time estimates for customers' orders. Suppose a customer placed an order for 30 units of a product. You suggested a bid price of $1,000 per unit in the contract based on an average of 40 hours of direct labour per unit and a total direct labour cost of $18,000. It is estimated that the second unit will take 60 hours of labour, and the fourth unit is expected to take 48 hours. The wage rate is $15 per hour. a. Find the learning rate, L, and the progress rate, i. How many hours do you expect the assembly of the sixth unit to take? How many hours do you expect the assembly of the 30th unit to take? Calculate the percentage change in productivity between the 1st and the 2nd units; between the 1" and the 30th unit. (4) b. What is the total amount of hours to assemble all 30 units? What is the average time to assemble each of the 30 units? Based on your time estimates, what is the total direct labour cost to assemble the 30 units. Is the contract's assumption about the average labour hours per unit valid or should the bid price be revised? Why? (3) c. After you completed the order for the 30 units, another customer has just placed an order for 15 units. How many total labour hours will be needed to satisfy the second customer's order? (2) d. Suppose the workers can supply 1,509 labour hours each year to the assembly shop. What is the firm's annual "capacity to manufacture the product that is, how many units can the company manufacture in one year? (1)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started