Company ABC received an order to produce 14 units of a new product. A 75% improvement curve wasexpected for this project. Since the customer was satisfied with the quality in the first 14 units, ABC receivedan order for 16 additional units. It was calculated that these new units (last 16 units) will take 556.50 hours toproduce. Based on all the information so far, the time to produce the 16th unit was approximately:Add your answerInteger, decimal, or E notation allowed

Step-by-Step Explanation Problem:Company ABC received an order to produce 14 units of a new product…

Answered: Company ABC received an order to…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The ?rst unit took 4,000 hours to complete and cost $30,000 in materials and equipment usage. The second took 3,200 hours and cost $21,000 in materials and equipment usage. Labor cost is charged at $18 per hour.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?b. What will be the average time for the 20 missile guidance controls?c. What will the average cost be for guidance control for the 20 in the contract?
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A Task/Activity Cycle Time (days) A E 3 C D 3 E 1 F a- Calculate the Average Cycle Time b- Calculate the Processing Cycle Time c- Calculate the Cycle Time Efficiency 23 D Processing Time (hours) 1 3.7 4.5 3.5 22 2 Comments P = 70% P = 30%
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