solve the question within 30 mins. 1. Your company is making experimental turbochargers for a new design ofhigh-powered farm tractors. The production schedule for these newcomponents is contained in the table below.Month Turbochargers12345767105The first turbocharger, a trial unit, took 1.000 hours to produce. Based on yourexperience with similar products, the learning factor is 85%. You have 20employees, and each employee works 160 hours per month. What is theaverage number of working hours is required per month?

Production is the process in which inputs are combined to have the required output. It includes a…

Answered: The first turbocharger, a trial unit,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Problem 2 The labor cost to produce a certain item is $20 per hour. Material cost is $60 per unit. The overhead cost is charged as 70% of the labor and materials cost. The learning rate is 80%. a. Determine the average cost for 50 units, given that the first unit took 5 hours to complete. b. Assume the item can be purchased from a vendor for $162 per unit. Should we just buy the needed 50 units or produce them. Explain. c. What are your answers for a and b if the needed quantity is 100 units? Show all your work
27 Learning curves will help managers develop more accurate estimates of labor and material costs that are incurred during the production cycles. This statement is an application of learning curves in which of the following functions? a workforce planning and scheduling b cost estimation and budgeting c new product pricing d procurement negotiations in supply chains
3-1 Assuming that the data given below is information in the learning curve for an employee in producing a particular product. Time (Hour) Unit # 4 107 8 80 12 68 14 64 16 60 20 55 24 51 28 48 30 46 a- Do you think that this employee can meet a demand of 10 units in three months if he works 8 hours a day? b- If not, how many units he can produce within 3 months. c- How should the learning curve of the employee to produce 10 units within 4 months 3-2 A candidate for mayor in a small town has allocated $40,000 for last-minute advertising in the days preceding the election. Two types of ads will be used: radio and television. Each radio ad costs $200 and reaches an estimated 3,000 people. Each television ad costs $500 and reaches an estimated 7,000 people. In planning the advertising campaign, the campaign manager would like to reach as many people as possible, but she has stipulated that at least 10 ads of each type must be used. Also, the number of radio ads must be at least as great as…
What is a “learning curve strategy’’? Describe how this strategy led to Ford’s success up until the mid-1920s and Ford’s problems after that time.
The labor cost to produce a certain item is $8.50 per hour. Job setup costs $50 and material costsare $20 per unit. The item can be purchased for $88.50 per unit. The learning rate is 90 percent.Overhead is charged at a rate of 50 percent of labor, materials, and setup costs.a. Determine the unit cost for 20 units, given that the first unit took 5 hours to complete.b. What is the minimum production quantity necessary to make production cost less than purchasecost?
A hypermarket selected few workers to work as cashiers. In the first week, the newly selected employees watched a senior employee working on the billing machine and billing process and learnt how to bill the products. Identify the learning model used by the hypermarket to train the newly joined cashiers. a. Live model b. Verbal instructional model c. Symbolic model d. Fictional model
Only typed explanation otherwise leave it United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,000 hours to complete and cost $30,000 in materials and equipment usage. The second took 3,750 hours and cost $19,500 in materials and equipment usage. Labor cost is charged at $25 per hour. The company expects “learning” to occur relative to labor and also the pricing of parts from suppliers. The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls. a. What will the last unit cost to build? (Round your answer to the nearest dollar amount.) b. What will be the average time for the 20 missile guidance controls? (Round your answer to the nearest whole number.) c. What will the average cost be for guidance control for the 20 in the contract? (Round your answer to the nearest dollar amount.)
1 2 3 4 5 6 7 8 Manceville Air has just produced the first unit of a large industrial compressor that incorporated new technology in the control circuits and a new internal venting system. The first unit took 112 hours of labor to manufacture. The company knows from past experience that this labor content will decrease significantly as more units are produced. In reviewing past production data, it appears that the company has experienced a 85% learning curve when producing similar designs. The company is interested in estimating the total time to complete the next 7 units. Your job as the production cost estimator is to prepare the estimate. Refer to Table E.3. Total manufacturing time for the: first 8 units Learning Curve Coefficients Unit Number (N) 8 Unit Time .512 80% Total Time 5.346 hours Unit Time .614 85% (round your response to the nearest whole number). Total Time 5.936 Unit Time .729 90% Total Time 6.574 - X
A manager wants to determine an appropriate learning percentage for processing insurance claimsfor storm damage. Toward that end, times have been recorded for completion of each of the firstsix repetitions.Repetition 1 2 3 4 5 6Time (minutes) 46 39 35 33 32 30a. Determine the approximate learning percentage.b. Using your answer from part a, estimate the average completion time per repetition assuming atotal of 30 repetitions are planned.
A manufacturer of diesel locomotives needs 50,000 hours to produce the first unit. Based on past experience with similar products, the rate of learning is 80 percent. a. Use the logarithmic model to estimate the direct labor required for the 40th diesel locomotive and the cumulative average number of labor hours per unit for the first 40 units. b. Draw a learning curve for this situation.
The calculation of learning curves can aid in which of the following cases: Group of answer choices A. Calculation of costs to assist marketing in pricing decisions B. To calculate economies of scale C. To evaluate the effectiveness of a training program D. All of the above E. None of the above
Refer to the table below. Assume that the company involved now finds that the learning rate is 70 percent. The 70 percent learning rate coefficient is -0.514573; that is b= -0.514573 in the formula Y= axb. Required: Using the formula, Y= axb, compute the labor time and costs for 5, 6, and 7 units. (Round your Intermediate calculations (except for coefficient) and final answers to 2 decimal places.) Unit Produced (X) 1 2 3 4 5 6 7 8 Labor Time Required to Produce the Xth Unit (i.e., the last single unit produced)1 (Y) 100.00 70.00 56.82 49.00 34.30 Cumulative Total Time in Labor- Hours(2) 100.00 S 170.00 226.82 275.82 430.31 Total Cost(3) Average Cost per Unit(4) 5,000.00 S 5,000.00 8,500.00 4,250.00 11,340.90 13,790.90 21,515.75 3,780.30 3,447.73 2,689.47

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The first turbocharger, a trial unit, took 1,000 hours to produce. Based on your experience with similar products, the learning factor is 85%. You have 20 employees, and each employee works 160 hours per month. What is the average number of working hours is required per month?