Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage, and supplies. Labor is $30 per hour. Use Exhibit 6.5. a. Lambda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start Immediately. What would this bid be? Cost for 10 more units

Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage, and supplies. Labor is $30 per hour. Use Exhibit 6.5. a. Lambda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start Immediately. What would this bid be? Cost for 10 more units

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...
See similar textbooks
icon
Related questions
Question
Ch. 6 Q8
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage, and supplies. Labor is $30 per hour. Use Exhibit 6.5. a. Lambda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start Immediately. What would this bld be? Cost for 10 more units
Transcribed Image Text:Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage, and supplies. Labor is $30 per hour. Use Exhibit 6.5. a. Lambda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start Immediately. What would this bld be? Cost for 10 more units
exhibit 6.5 excel For the Excel pds vad wwww..conjecobs He Improvement Curves: Table of Cumulative Values UNIT 1 2 3 4 6 6 7 8 9 10 12 14 16 18 4.946 5.171 5.379 24 5.574 25 5.668 30 6.097 35 6.478 40 20 22 300 360 400 450 500 600 60% 1.000 1.600 2.045 2.405 2.710 2.977 3.216 3.432 3.630 3.813 4.144 4.438 4.704 700 800 900 1,000 1,200 1,400 1,600 1,800 2,000 2,500 3,000 6.021 65% 45 7.134 50 7.422 60 7941 70 8.401 80 8.814 90 9191 100 9.539 120 10.16 140 10.72 160 11.21 180 11.67 200 12.09 250 13.01 13.81 14.51 15.14 15.72 24.00 16.26 25.68 17.21 27.67 18.06 18.62 19.51 20.15 21.30 22.32 23.23 24.06 24.83 26.53 27.99 1.000 1.650 2.155 2.260 2.578 2.750 2946 3.195 3274 3.503 3.572 3.900 3.847 4.102 4.341 6.773 6.909 7.540 8.109 8.631 9.114 4.626 4.931 4.780 5.501 5.177 6.026 5.541 6.514 5.879 6.972 6.195 7.407 6.492 7.819 8.213 8.404 9.305 10.13 10.90 11.62 12.31 13.57 14.74 9.565 10.39 11.13 11.82 12.45 13.03 14.11 16.09 15,97 16.79 17.55 19.28 CUMULATIVE IMPROVEMENT FACTOR 70% 75% 80% 85% 1.000 1,000 1.000 1.000 1.700 1.750 1.800 1.850 2.384 2.502 2.623 2.946 3.142 3.345 3.450 3.738 4.031 3.934 4.299 4.688 4.380 4.834 5.322 4.802 5,346 5.936 5.204 5.839 6.533 5.509 6.315 7.116 8.315 7.227 6.994 8.092 9.331 10.72 7,635 8.920 10.38 12.04 8.245 9.716 11.41 13.33 8.628 10.48 12.40 14.61 11.23 13.38 15.06 11.95 17.10 12.31 14.80 17.71 14.02 17.09 20.73 15.64 19.29 23.67 17.19 21.43 26.54 18.68 23.50 29.37 20.12 25.61 32.14 22.87 29.41 37.57 47.65 25.47 33.17 42.87 54.99 27.96 36.80 48.05 62.25 30.35 40.32 53.14 69.45 32.65 43.75 58.14 76.59 37.05 50.39 67.93 90.71 41.22 56.78 77.46 104.7 45.20 62.95 86.80 118.5 49.03 68.95 95.96 132.1 36.80 52.72 74.79 145.7 42.05 61.47 88.83 179.2 46.94 69.66 102.2 212.2 51.48 77.43 115.1 55.75 127.6 59.80 63.68 70.97 77.77 84.18 90.26 06.07 107.0 117.2 126.8 135.9 144.7 165.0 183.7 20.81 22.18 23.44 29.45 31.09 32.60 31.01 36.59 38.92 41.04 43.00 44.84 48.97 52.62 4.303 15.82 16.03 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 9.388 9.928 10.19 11.45 12.72 13.72 14.77 15.78 17.67 19.43 21.09 22.67 24.16 27.02 29.67 32.17 34.54 84.85 91.97 98.85 112.0 124.4 136.3 147.7 158.7 179.7 199.6 218.6 236.8 254.4 296.1 335.2 8.244 14.33 139.7 151.5 174.2 196.1 217.3 237.9 257.9 296.6 333.9 369.9 404.9 438.9 520.8 508.9 90% 1.000 1.900 2.746 3.556 4.330 5,101 5.845 6.574 7.290 7.994 9.374 105.0 126.9 148.2 169.0 189.3 209.2 228.8 267.1 304.5 341.0 376.9 412.2 481.2 548.4 614.2 678.8 742.3 897.0 1047 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 40.22 244.8 277.0 309.0 340.6 403.3 465.3 526.5 587.2 6474 766.6 884.2 1001 1116 1230 1513 1791
Transcribed Image Text:exhibit 6.5 excel For the Excel pds vad wwww..conjecobs He Improvement Curves: Table of Cumulative Values UNIT 1 2 3 4 6 6 7 8 9 10 12 14 16 18 4.946 5.171 5.379 24 5.574 25 5.668 30 6.097 35 6.478 40 20 22 300 360 400 450 500 600 60% 1.000 1.600 2.045 2.405 2.710 2.977 3.216 3.432 3.630 3.813 4.144 4.438 4.704 700 800 900 1,000 1,200 1,400 1,600 1,800 2,000 2,500 3,000 6.021 65% 45 7.134 50 7.422 60 7941 70 8.401 80 8.814 90 9191 100 9.539 120 10.16 140 10.72 160 11.21 180 11.67 200 12.09 250 13.01 13.81 14.51 15.14 15.72 24.00 16.26 25.68 17.21 27.67 18.06 18.62 19.51 20.15 21.30 22.32 23.23 24.06 24.83 26.53 27.99 1.000 1.650 2.155 2.260 2.578 2.750 2946 3.195 3274 3.503 3.572 3.900 3.847 4.102 4.341 6.773 6.909 7.540 8.109 8.631 9.114 4.626 4.931 4.780 5.501 5.177 6.026 5.541 6.514 5.879 6.972 6.195 7.407 6.492 7.819 8.213 8.404 9.305 10.13 10.90 11.62 12.31 13.57 14.74 9.565 10.39 11.13 11.82 12.45 13.03 14.11 16.09 15,97 16.79 17.55 19.28 CUMULATIVE IMPROVEMENT FACTOR 70% 75% 80% 85% 1.000 1,000 1.000 1.000 1.700 1.750 1.800 1.850 2.384 2.502 2.623 2.946 3.142 3.345 3.450 3.738 4.031 3.934 4.299 4.688 4.380 4.834 5.322 4.802 5,346 5.936 5.204 5.839 6.533 5.509 6.315 7.116 8.315 7.227 6.994 8.092 9.331 10.72 7,635 8.920 10.38 12.04 8.245 9.716 11.41 13.33 8.628 10.48 12.40 14.61 11.23 13.38 15.06 11.95 17.10 12.31 14.80 17.71 14.02 17.09 20.73 15.64 19.29 23.67 17.19 21.43 26.54 18.68 23.50 29.37 20.12 25.61 32.14 22.87 29.41 37.57 47.65 25.47 33.17 42.87 54.99 27.96 36.80 48.05 62.25 30.35 40.32 53.14 69.45 32.65 43.75 58.14 76.59 37.05 50.39 67.93 90.71 41.22 56.78 77.46 104.7 45.20 62.95 86.80 118.5 49.03 68.95 95.96 132.1 36.80 52.72 74.79 145.7 42.05 61.47 88.83 179.2 46.94 69.66 102.2 212.2 51.48 77.43 115.1 55.75 127.6 59.80 63.68 70.97 77.77 84.18 90.26 06.07 107.0 117.2 126.8 135.9 144.7 165.0 183.7 20.81 22.18 23.44 29.45 31.09 32.60 31.01 36.59 38.92 41.04 43.00 44.84 48.97 52.62 4.303 15.82 16.03 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 9.388 9.928 10.19 11.45 12.72 13.72 14.77 15.78 17.67 19.43 21.09 22.67 24.16 27.02 29.67 32.17 34.54 84.85 91.97 98.85 112.0 124.4 136.3 147.7 158.7 179.7 199.6 218.6 236.8 254.4 296.1 335.2 8.244 14.33 139.7 151.5 174.2 196.1 217.3 237.9 257.9 296.6 333.9 369.9 404.9 438.9 520.8 508.9 90% 1.000 1.900 2.746 3.556 4.330 5,101 5.845 6.574 7.290 7.994 9.374 105.0 126.9 148.2 169.0 189.3 209.2 228.8 267.1 304.5 341.0 376.9 412.2 481.2 548.4 614.2 678.8 742.3 897.0 1047 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 40.22 244.8 277.0 309.0 340.6 403.3 465.3 526.5 587.2 6474 766.6 884.2 1001 1116 1230 1513 1791
Expert Solution
Step 1

Time taken by first unit to produced (T1) =  5000Time taken by second unit to produced (T2) = 3500Labor cost = $30

 

 

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS