969) During the campus Spring Fling, the bumper car amusement attraction has a problem of cars becoming disabled and in need of repair. Repair personnel can be hired at the rate of $20 per hour, but they only work as one team. Thus, if one person is hired, he or she works alone; two or three people work together on the same repair. One repairer can fix cars in an average time of 40 minutes. Two repairers take 22 minutes, and three take 18 minutes. While these cars are down, lost income is $35 per hour. Cars tend to break down at the rate of 1.80 per hour. Management is trying to decide how many repair persons to hire, and has asked you for cost data. a. What is the total hourly cost with one repair person? (Round your intermediate calculations and final answer to 2 decimal places.)
969) During the campus Spring Fling, the bumper car amusement attraction has a problem of cars becoming disabled and in need of repair. Repair personnel can be hired at the rate of $20 per hour, but they only work as one team. Thus, if one person is hired, he or she works alone; two or three people work together on the same repair. One repairer can fix cars in an average time of 40 minutes. Two repairers take 22 minutes, and three take 18 minutes. While these cars are down, lost income is $35 per hour. Cars tend to break down at the rate of 1.80 per hour. Management is trying to decide how many repair persons to hire, and has asked you for cost data. a. What is the total hourly cost with one repair person? (Round your intermediate calculations and final answer to 2 decimal places.)
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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