Problem 3Magic Corporation received a contract to develop and produce four electronic boards for acomputer company. The following table shows the amount of labour hours and the cost of rawmaterials for each of the four electronic boards.1st unit2nd unit3rd unit4th unitLabour4,0003,2002,8082,560Raw materials$7,800$7,020$6,600$6,318Magic Corporation was asked to quote in a new contract for another eight electronic boards.Estimate the time and raw materials costs for the eight units.(Hint: There are two learning curves: one for labour and one for raw materials.)

materials for each of the four electronic boards. Labour 4,000 3,200 2,808 2,560 1st unit 2nd unit 3rd unit 4th unit Raw materials $7,800 $7,020 $6,600 $6,318 Magic Corporation was asked to quote in a new contract for another eight electronic boards. Estimate the time and raw materials costs for the eight units. (Hint: There are two learning curves: one for labour and one for raw materials.)

materials for each of the four electronic boards. Labour 4,000 3,200 2,808 2,560 1st unit 2nd unit 3rd unit 4th unit Raw materials $7,800 $7,020 $6,600 $6,318 Magic Corporation was asked to quote in a new contract for another eight electronic boards. Estimate the time and raw materials costs for the eight units. (Hint: There are two learning curves: one for labour and one for raw materials.)

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

Similar questions

subject: Software Process and Management Book : Software Process Definition and Management [J€urgen M€unch • Ove Armbrust • Martin Kowalczyk • Mart ́ın Soto] Question : Introduce the relationship between TQM and PDCA ?
3. Job enrichment can come from: a. increasing task identity b. increasing workplace autonomy c. reducing task significance d. all of the above e. a and b only
Please do not give solution in image format thanku
If the time standard is 0.7293 minutes per unit per machine. productivity is expected to be 85%, and the takt time is 0.116 minutes per unit. What is the number of machines that will be needed if the job is to be done in 8 hours on one shift with no overtime? (NOTE: you must have an integer number of machines.) Do NOT inlcude units such as "machines."
Suad Alwan, the purchasing agent for Dubai Airlines, has determined that the third plane took 20,000 hours to produce. Using an 80% learning curve and a $40-per-hour labor charge, he wants to determine the cost of the four additional planes. a) Time required for the fourth unit = 18,231 hours b) Cost of the fourth unit = ? dollars (round to the nearest whole number)
An assembly operation has a 90 percent learning curve. The line has just begun work on a new item; the initial unit required 28 hours. Estimate the time that will be needed to complete:a. The first five unitsb. Units 20 through 25
The managers at Avondale Industries’ production sites have been asked to keep a monthly electronic performance journal for each direct report. The journals are to be used in the six-month performance appraisals. Many of the managers have balked at the request saying that entering data into the journals takes too much time. The HR department feels that training on how to effectively manage the process would be helpful and has assigned the training and development office the task of developing an online training to help the supervisors become more proficient with this task. Which of the following statements best explains why it is important for the supervisors to keep the journals as requested? An employee is more likely to listen to and respect a supervisor who shows enough interest in them to monitor their performance. Keeping a journal will help supervisors be more accurate in their recall of employee performance and more effective in giving feedback. Ensuring supervisors…
11:33 20. A worker will work for 48 hours per week for 6 days. If the standard time is 12.58 minutes compute the production standard per day. Just write the answer, no need to write the units Your answer Your answer 21. if standard time in for present method is * 15.25 minutes per unit, standard time for improved method is 9.10 minutes per unit. Assume worker will work for 40 hours per week for 5 days. compute the production standard of present method 22. Compute the production standard of improve method Your answer AA LTE 67 docs.google.com 8 *
A widget assembly process was timed for 75 cycles and had an average of 1.5 minutes per piece. The performance rating was 95%, and workday allowances are 10 percent. Determine the following: a) Observed time b) Normal time c) Standard time d) How might this information be used?
A) Which step in this process is the bottleneck? =30 min for tan leather B) How many briefcases are processed at the bottleneck workstation per hour?=60/30=2 briefcases per hr C) What is the throughput time of the overall process?=30+15+10+10+10 Throughput = 75 minutes given the above information please answer qestions 1-3 below. If the manufacturing facility operates 8 hours per day, 250 days a year, what is the annual capacity of this manufacturing process. Assume the company decides to hire additional workers in order to duplicate the bottleneck step identified in part a so that there are 3 of these workstations instead of 1. Redraw the diagram showing the flow of the revised process. Answer parts a through d again based on the new process created in part e?
Given the following information from an assembly task: First cycle time: 35 seconds Learning rate of 90% a. Determine the predicted performance time of the 200th b. Determine the number of cycles it will take to reach the standard time of 14 seconds
Ques. Which one of the following refers to the length of time needed to complete a job? (a) Work sampling methods (b) Work measurement (c) Job design (d) Methods analysis