12345678Manceville Air has just produced the first unit of a large industrial compressor that incorporated new technology inthe control circuits and a new internal venting system. The first unit took 112 hours of labor to manufacture. Thecompany knows from past experience that this labor content will decrease significantly as more units are produced.In reviewing past production data, it appears that the company has experienced a 85% learning curve when producingsimilar designs. The company is interested in estimating the total time to complete the next 7 units.Your job as the production cost estimator is to prepare the estimate. Refer to Table E.3.Total manufacturing time for the:first 8 unitsLearning Curve CoefficientsUnit Number (N)8UnitTime.51280%TotalTime5.346hoursUnitTime.61485%(round your response to the nearest whole number).TotalTime5.936UnitTime.72990%TotalTime6.574-X

Given: Learning rate = 85% Time first unit took = 112 hrs

Answered: Your job as the production cost…

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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OQ18
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Your job as the production cost estimator is to prepare the estimate. Refer to Table E.3. Total manufacturing time for the: first 8 units hours (round your response to the nearest whole number).