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- The following scenario relates to 5 questions. Bear Co has developed a new model of television. The estimated labour time for the first unit is 12 hours but a learning curve of 75% is expected to apply for the first eight units produced Note: The learning index for a 75% learning curve is-0-415. Overhead production costs must be estimated based on a previous model, the Leonardo, that was made by Bear Co. Production quantities and total overhead costs for the last four months of production of the Leonardo were as follows: Month Output Total overhead cost (units) $ September 1,800 278,200 October 2,000 310,000 November 1,700 252,900 December 1,000 200,000 The first phase of production has now been completed for the new television. The first unit actually took 12-5 hours to make and the total time for the first eight units was 34-3 hours, at which point the learning effect came to an end. What is the actual learning rate, and did the labour force learn more quickly or less quickly than…The manufacturing process of a new product is very labor intensive. The learning curve percentage (LC) for the process is 90%. It took 30 hours with 15 workers together to produce the first product. The average labor cost including overhead expenses is about $20 per hour. (a) Estimate the labor cost (including overhead expenses) to produce the tenth product? (Hint: 2 steps. How long is T_10? How much is the cost?) (b) A new training program is intended to lower the learning-curve percentage by 10% (minus 10%). If the program is successful, what cost savings will be realized for the tenth unit? (Hint: How long is the new T_10? How much is the new cost? How much is the cost saving?)ABC Company is producing and selling Product X. Company management anticipates that a 70% learning curve will apply to the production of a new item. The cost of first item is $1,500 in materials. First item will take 500 labor hours. The cost per labor hour is $4 per hour. Variable overheads are 130% of labor costs. ABC Company has a profit mark-up for its products in amount of 20%. What is the cost of the third unit of Product X? O $3.238 $3,420 O $2.620 O $2.788
- NUBD Company is planning to introduce a new product with an 80 percent learning rate for production for batches of 1,000 units. The variable labor costs are P30 per unit for the first 1,000-unit batch. Each batch requires 100 hours. There are P10,000 in fixed costs not subject to learning. What is the cumulative total time (labor hours) to produce 16,000 units based on the cumulative average-time learning curve? 655.36 hours 256 hours 160 hours 409.6 hoursNUBD Company is planning to introduce a new product with a 75 percent incremental unit-time learning curve for production in batches of 1,500 units. The variable labor costs are P55 per unit for the first 1,500-unit batch. Each batch requires 200 hours. There are P15,000 in fixed costs not subject to learning. What is the cumulative total time (labor hours) to produce 3,000 units?The following information is provided to you: Time taken to produce first 8 shock pads 640 hours Time taken to produce first 16 shock pads 1200 hours Calculate the learning curve The following information is provided to you: Direct labour needed to make first machine. 1000 hoursLearning curve. 80%Direct labour cost. R300 per hourDirect materials cost. R180000 per machine Fixed cost for machines at each cumulative production R800000 Calculate the total direct hours required to manufacture four (4) machines. ( Indicate both average time per unit as well as cumulative time per unit for all theunits) Calculate the total costs to manufacture 4 machines
- NUBD Company is planning to introduce a new product with an 80 percent learning rate for production for batches of 1,000 units. The variable labor costs are P30 per unit for the first 1,000-unit batch. Each batch requires 100 hours. There are P10,000 in fixed costs not subject to learning. What is the cumulative total time (labor hours) to produce 16,000 units based on the cumulative average-time learning curve? A. 655.36 hours B. 256 hours C. 160 hours D. 409.6 hoursHernandez, Inc. manufactures three models of picture frames for a total of 8,000 frames per year. The unit cost to produce a metal frame follows: $ 6 8. Direct materials Direct labor Variable overhead 2 Fixed overhead (70% unavoidable) Total $21 A local company has offered to supply Hernandez the 8,000 metal frames it needs for $17 each. Instructions Create an incremental analysis for the make-or-buy decision. Show your work. What should Hernandez decide?Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm follows a 90% learning rate. For this contract, it appears that the effort will be substantial, running 400 hours for the first session. Your firm has an average cost of labor of $60/hour and the overhead is expected to run a fixed $1000 per session. The customer will pay you a flat fixed rate per session (Per Session Price.) If your profit markup is 12%, what will be the Total Price, the Per Session Price, and at what session will you break even? Answer the following four questions: What is the Total Price? This is what you would charge the customer so that you can have your profit markup of 10% over all of your costs. To calculate this, first figure out your cost per each session, add them up, and then add your profit. What is the Per…
- Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs: Setting up equipment $3,000 Machining $15,000 The controller has collected the expected annual prime costs for each product, the machine hours, the setup hours, and the expected production. Excellent Laptops Outstanding Computers Direct labor $25,000 $10,000 Direct materials $20,000 $5,000 Expected production in units 3,000 3,000 Machine hours 850 2,000 Setup hours 80 75 Calculate the overhead cost per unit for Excellent Laptops using a plantwide rate based on direct labor costs. (Note: Round the overhead rateto two decimal places; round the final answer to two decimal places.)Submarine Xcel Inc. is examining submarine assembly costs at its Michigan plant. It has a initial order for eight of its new nuclear Virgina-class submarine. 1. Direct material cost per submarine 2. Direct assembly labor time for first submarine $40,000 2,000 labor hours 3. Learning curve for assembly labor time 85% cumulative average time 4. Direct assembly labor costs $30 per direct labor hour 5. Indirect manufacturing costs Equipment related indirect cost $12 per direct labor hour - Material handling related cost 50% of direct material cost In2=0.693147, In3=1.098612, In4=1.386294 In0.8=-0.223143, In0.85=-0.162519, In0.9=-0.162519, In0.95=-0.051293 (A) How many direct assembly labor hours are required to assemble the first eight submarine? (B) What is the total cost of assembling the first eight submarine? ان ی ن ر می ر اه م م ی ی مMalone Manufacturing produces windshield wipers. Right now, the three models they will produce are Model X, Model Y, and Model Z. They currently have two weeklong production runs where they are limited to 70 hours to produce their products. They want greater insights on each of the models to determine how they contribute to the company, and which model they should focus on. They have provided you with the below dashboard: 1. What is the contribution margin per labor hour for Model X 2. What is the contribution margin per labor hour for Model Y 3. What is the contribution margin per labor hour for Model Z What is the total contribution margin at 70 hours for Model X What is the total contribution margin at 70 hours hours for Model Y What is the total contribution margin at 70 hours hours for Model Z