ack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contract. In gathering cost data from the first three units, which Nebula produced under a research and development contract, he found that the first unit took 2,000 labor hours, the second took 1,600 labor hours, and the third took 1,500 hours. Use Exhibit 4A.6. In a contract for three more units, how many labor hours should Simpson plan for?
ack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contract. In gathering cost data from the first three units, which Nebula produced under a research and development contract, he found that the first unit took 2,000 labor hours, the second took 1,600 labor hours, and the third took 1,500 hours. Use Exhibit 4A.6. In a contract for three more units, how many labor hours should Simpson plan for?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Jack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contract. In gathering cost data from the first three units, which Nebula produced under a research and development contract, he found that the first unit took 2,000 labor hours, the second took 1,600 labor hours, and the third took 1,500 hours. Use Exhibit 4A.6.
In a contract for three more units, how many labor hours should Simpson plan for?
Note: Round your answer to the nearest whole number.
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