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You have been asked to estimate the per - unit selling price of a new line of clothing. The data you have been given is
You have been asked to estimate the perunit selling price of a new line of clothing. The data you have been given is as follows:
Direct labor rate: $ per hour
Production material: $ per items
Factory overhead: of direct labor
Packing costs: of direct labor
Desired profit: of total manufacturing cost
Past experience has shown that an learning curve applies to the labor required for producing these items. The time to complete the first item has been estimated to be hours.
Part : Calculate the estimated time to complete the item, find the AVG. time as your standard time for estimating the unit selling price, and find the unit selling price.
Part : Use Excel sheet approach to fine the and Tx AVG. to calculate the estimated time to complete the item for different learning curve slop parameters from to use them as your standard times for estimating again the unit selling price. Use the following table to fill out the results.
table
PLEASE SHOW YOUR EXCEL SHEET
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