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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 1,800 labor hours, and the third took 1,692 hours. Use Exhibit 6.5. In a contract for three more units, how many labor hours should Simpson plan for? (Round your answer to the nearest whole number.) Number of labor hours

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 1,800 labor hours, and the third took 1,692 hours. Use Exhibit 6.5. In a contract for three more units, how many labor hours should Simpson plan for? (Round your answer to the nearest whole number.) Number of labor hours

Practical Management Science
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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Ch.6 Q5
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 1,800 labor hours, and the third took 1,692 hours. Use Exhibit 6.5. In a contract for three more units, how many labor hours should Simpson plan for? (Round your answer to the nearest whole number.) Number of labor hours
Transcribed Image Text: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 1,800 labor hours, and the third took 1,692 hours. Use Exhibit 6.5. In a contract for three more units, how many labor hours should Simpson plan for? (Round your answer to the nearest whole number.) Number of labor hours
Exhibit 6.5 Unit 1 2 3 4 5 6 7 8 9 10 12 14 16 18 20 22 24 25 30 35 40 45 50 60 70 80 90 100 120 140 160 180 200 250 300 350 400 450 500 600 700 800 900 1,000 1.200 1,400 1,600 1,800 2.000 2.500 3,000 60% 1.000 1.600 4.946 5.171 5.379 5.574 5.668 6.097 6.478 6.821 7.134 7.422 7.941 8401 8814 2.045 2.405 2,710 2.946 2.977 3.274 3216 3572 3.432 3.847 3.630 4.102 3813 4341 4.144 4.790 4438 5.177 4.704 5.541 5.879 6.195 6.492 6.773 6.909 9.191 9.539 10.16 10.72 11.21: 11.67 12.09 13.01 13.81 14.51 15.14 15.72 16.26 17.21 18.06 18.82 19.51 20.15 21.30 22.32 Improvement Curves: Table of Cumulative Values 23.23 24.06 24.83 26.53 27.99 65% 1.000 1.650 2.155 2.578 7,540 8.109 8.631 9.114 9.565 10.39 11.13 11.82 12.45 13.03 14.11 15.08 15.97 16.79 17.55 19.28 20.81 22.18 23.44 24.60 25.68 27.67 29.45 31.09 32.60 31.01 36.59 38.92 41.04 43.00 44.84 48.97 52.62 Cumulative Improvement Factor 70% 75% 1.000 1.000 1.700 1.750 2.268 2.758 2.384 2946 3,195 3459 3.593 3.934 3.960 4.380 4,303 4.802 4.626 5:204 4.931 5.501 6.026 6.514 6.972 7.407 7.819 8.213 8.404 9.305 10.13 10.90 11.62 12.31 13.57 1474 15.82 16.83 17.79 19.57 21,20 22.72 24.14 25.48 28.56 31.34 33.89 36.26 38.48 40.58 44.47 48.04 51.36 54.46 57.40 62.85 67.85 72.49 76.85 80.96 90.39 98.90 9928 10.19 3738 4.299 4.834 5,346 5.839 5.589 6.315 6.315 7.227 6.994 7.635 8.245 8.828 9.388 11.45 12.72 13.72 14.77 15.78 17.67 19:43 21.09 22.67 24.18 27.02 29,67 32.17 34.54 36 80 42.05 46.94 51.48 55.75 59.80 63.68 70.97 77.77 84.18 90.26 96.07 107.0 117.2 80% 1.000 1.800 126.8 135.9 144.7 165.0 183.7 2.502 3.142 8.092 8.920 9.716 10.48 11.23 11.95 12.31 14.02 15.64 17.19 18.68 20.12 22.87 25.47 27.96 30.35 32.65 37.05 41.22 45.20 49.03 52.72 61.47 69.66 77.43 84.85 91.97 98.85 112.0 124.4 136.3 147.3 158.7 1797 199.6 218.6 236.8 254.4 296.1 335.2 85% 1.000 1.850 2.623 3.345 4.031 4.688 5.322 5.936 6.533 7.116 8.244 9.331 10.38 11.41 12:40 13.38 14.33 14.80 17.09 19.29 21.43 23.50 25.51 29.41 33.17 36.80 40.32 43.75 50.39 56.78 62.95 68.95 74.79 88.83 102.2 115.1 127.6 139.7 151.5 174.2 196.1 217.3 237.9 257.9 296.6 3339 369.9 4049 438.9 520.8 5989 90% 1.000 1900 2.746 3.556 4.339 5.101 5845 6.574 7.290 7.994 9.374 10.72 12.04 13.33 14.61 15.86 17.10 17.71 20.73 23.67 26.54 29.37 32.14 37.57 42.87 48.05 53.14 58.14 67.93 77.46 86.80 95.96 105.0 126.9 148.2 169.0 189.3 209 2 228.8 267.1 304.5 341.0 376.9 4122 481.2 548.4 614.2 678.8 742.3 897.0 1047 O 95% 1.000 1.950 2.872 3.774 4.662 5.538 6.404 7.261 8.111 8.955 10.62 12.27 13.91 15.52 17.13 18.72 20.31 21.10 25.00 28.86 32.68 36.47 40.22 47.65 54.99 62.25 69.45 76.59 90.71 104.7 118.5 132.1 145.7 179.2 212.2 244.8 277.0 309.0 340.6 403.3 465.3 526.5 587.2 647.4 766.6 884.2 1001 1116 1230 1513 1791 P
Transcribed Image Text:Exhibit 6.5 Unit 1 2 3 4 5 6 7 8 9 10 12 14 16 18 20 22 24 25 30 35 40 45 50 60 70 80 90 100 120 140 160 180 200 250 300 350 400 450 500 600 700 800 900 1,000 1.200 1,400 1,600 1,800 2.000 2.500 3,000 60% 1.000 1.600 4.946 5.171 5.379 5.574 5.668 6.097 6.478 6.821 7.134 7.422 7.941 8401 8814 2.045 2.405 2,710 2.946 2.977 3.274 3216 3572 3.432 3.847 3.630 4.102 3813 4341 4.144 4.790 4438 5.177 4.704 5.541 5.879 6.195 6.492 6.773 6.909 9.191 9.539 10.16 10.72 11.21: 11.67 12.09 13.01 13.81 14.51 15.14 15.72 16.26 17.21 18.06 18.82 19.51 20.15 21.30 22.32 Improvement Curves: Table of Cumulative Values 23.23 24.06 24.83 26.53 27.99 65% 1.000 1.650 2.155 2.578 7,540 8.109 8.631 9.114 9.565 10.39 11.13 11.82 12.45 13.03 14.11 15.08 15.97 16.79 17.55 19.28 20.81 22.18 23.44 24.60 25.68 27.67 29.45 31.09 32.60 31.01 36.59 38.92 41.04 43.00 44.84 48.97 52.62 Cumulative Improvement Factor 70% 75% 1.000 1.000 1.700 1.750 2.268 2.758 2.384 2946 3,195 3459 3.593 3.934 3.960 4.380 4,303 4.802 4.626 5:204 4.931 5.501 6.026 6.514 6.972 7.407 7.819 8.213 8.404 9.305 10.13 10.90 11.62 12.31 13.57 1474 15.82 16.83 17.79 19.57 21,20 22.72 24.14 25.48 28.56 31.34 33.89 36.26 38.48 40.58 44.47 48.04 51.36 54.46 57.40 62.85 67.85 72.49 76.85 80.96 90.39 98.90 9928 10.19 3738 4.299 4.834 5,346 5.839 5.589 6.315 6.315 7.227 6.994 7.635 8.245 8.828 9.388 11.45 12.72 13.72 14.77 15.78 17.67 19:43 21.09 22.67 24.18 27.02 29,67 32.17 34.54 36 80 42.05 46.94 51.48 55.75 59.80 63.68 70.97 77.77 84.18 90.26 96.07 107.0 117.2 80% 1.000 1.800 126.8 135.9 144.7 165.0 183.7 2.502 3.142 8.092 8.920 9.716 10.48 11.23 11.95 12.31 14.02 15.64 17.19 18.68 20.12 22.87 25.47 27.96 30.35 32.65 37.05 41.22 45.20 49.03 52.72 61.47 69.66 77.43 84.85 91.97 98.85 112.0 124.4 136.3 147.3 158.7 1797 199.6 218.6 236.8 254.4 296.1 335.2 85% 1.000 1.850 2.623 3.345 4.031 4.688 5.322 5.936 6.533 7.116 8.244 9.331 10.38 11.41 12:40 13.38 14.33 14.80 17.09 19.29 21.43 23.50 25.51 29.41 33.17 36.80 40.32 43.75 50.39 56.78 62.95 68.95 74.79 88.83 102.2 115.1 127.6 139.7 151.5 174.2 196.1 217.3 237.9 257.9 296.6 3339 369.9 4049 438.9 520.8 5989 90% 1.000 1900 2.746 3.556 4.339 5.101 5845 6.574 7.290 7.994 9.374 10.72 12.04 13.33 14.61 15.86 17.10 17.71 20.73 23.67 26.54 29.37 32.14 37.57 42.87 48.05 53.14 58.14 67.93 77.46 86.80 95.96 105.0 126.9 148.2 169.0 189.3 209 2 228.8 267.1 304.5 341.0 376.9 4122 481.2 548.4 614.2 678.8 742.3 897.0 1047 O 95% 1.000 1.950 2.872 3.774 4.662 5.538 6.404 7.261 8.111 8.955 10.62 12.27 13.91 15.52 17.13 18.72 20.31 21.10 25.00 28.86 32.68 36.47 40.22 47.65 54.99 62.25 69.45 76.59 90.71 104.7 118.5 132.1 145.7 179.2 212.2 244.8 277.0 309.0 340.6 403.3 465.3 526.5 587.2 647.4 766.6 884.2 1001 1116 1230 1513 1791 P
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