What is the estimated time for the 40th unit? 2) How many total labor hours will be needed to satisfy this second batch (#16 - #40) ? 3) What is the average time to produce this second batch?
What is the estimated time for the 40th unit? 2) How many total labor hours will be needed to satisfy this second batch (#16 - #40) ? 3) What is the average time to produce this second batch?
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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Schumacher & Company recently introduced a new ATM system. The Company’s MoneyMatic Division assembles these systems from purchased hardware, using its in-house developed software. It just completed assembling the first batch of 15 units. The last unit (#15) produced required 50 hours of labor, and the learning rate was estimated to be 94 percent for these systems. Another order for 25 units (#16 - #40) of the same system has just arrived.
1) What is the estimated time for the 40th unit?
2) How many total labor hours will be needed to satisfy this second batch (#16 - #40) ?
3) What is the average time to produce this second batch?
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