All categories

3 years ago

A new product made from recycled bio-plastics needs 17 labor hours to complete the build for the first unit.

Business

1 answer:

alex41 [277]3 years ago

8 0

Answer:

12.3 hours

Explanation:

The formula that is used to calculate the average time to produce a unit:

y = aQ^b

y = Average time to produce one unit.

a = Time necessary to produce the first unit.

Q = Cumulative production in units.

b = Learning rate which is calculated using: log (percentage learning rate)/log 2.

In this case, we have to start by calculating b:

b= Log0,87/log2= -0.139/0.693= -0.200

Then, we have that a= 17 and Q=5 and replace this on the formula for the average time to produce one unit:

y= 17* 5^-0.200

y= 17*0,724= 12,3

According to this, the average labor hours required per unit to produce five units is 12.3 hours.

You might be interested in

If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to?

Travka [436]

If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to pay $40,000 up front.

<h3>What is Down payment?</h3>

An advance, partial payment known as a down payment is made when buying expensive products or services like a home or a car.
Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind.

A greater down payment typically indicates that you are a less risky borrower, and a lower interest rate reflects a less hazardous borrower.
A lower interest rate will enable you to pay less interest overall and save you money on your monthly payment.

Learn more about down payment here:

brainly.com/question/6318484

#SPJ4

5 0

2 years ago

In a limited partnership, the general partners should encourage the limited partners to take a more active role in the operation

Lemur [1.5K]

Answer: False

Explanation:

A limited partnership is a form business partnership formed by at least one general partner and at least one limited partner(also known as the silent partner).

The general partner is responsible for the supervision of the daily operations in the business and also personally bears the liability of the business: while the limited partner only role in the business is to support the business with capital and shares in the business profit but doesn't personally carry the burden of the business liability.

7 0

3 years ago

Suppose that you were trying to determine how much income was available for future monetary needs as well as for investment.

Marysya12 [62]

Answer:

A. Savings ratio

Explanation:

The savings ratio is expressed as a percentage and is computed by dividing average household savings by average household disposable income.

4 0

3 years ago

Suppose that the price of a bottle of soda is $1 each. Larry is willingto pay $2 for the first bottle, Alan is willing to pay $1

gayaneshka [121]

Answer:

The answer is: D) $1.75

Explanation:

Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good and the actual price paid for the good.

Larry, Alan and Ryan were all willing to pay more for a bottle of soda than the actual price of the soda.

Larry's consumer surplus = $2 - $1 = $1
Alan's consumer surplus = $1.50 - $1 = $0.50
Ryan's consumer surplus = $1.25 - $1 = $0.25

The total consumer surplus is $1 + $0.50 + $0.25 = $1.75

4 0

3 years ago

On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of

Lisa [10]

Explanation:

The journal entries are as follows

Merchandise Inventory A/c $254,500

To Accounts payable A/c $254,500

(Being merchandise purchased on credit)

Account payable Dr $30,000

To Merchandise inventory $30,000

(Being the merchandise returned is recorded)

Account payable Dr $224,500 ($254,500 - $30,000)

To Cash $224,500

(Being the payment of the invoice is recorded)

7 0

3 years ago