Question
Sweep Up and Fly, Inc., manufactures brooms. Each new employee takes 4 hours to assemble their first broom, and the average time per broom after
Sweep Up and Fly, Inc., manufactures brooms. Each new employee takes 4 hours to assemble their first broom, and the average time per broom after the second broom is made is 3.4 hours. The labor rate is $10 per hour.
a. What is the cumulative average learning-curve percentage?(2 Points)
b. What is the total time needed for a new employee to build 16 brooms using the cumulative average time method(round average times to four decimal places and total time to two decimal places)? (4Points)
c. What is the total expected labor cost of a new employee to assemble 16 brooms(round to two decimal places)?(2 Points)
d. Extra Credit: What is the total expected labor cost of a new employee to assemble 16 brooms under the incremental time model (round to two decimal places)?(2Points
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