1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ryzh [129]
3 years ago
10

A company is preparing a bid on a government contract for 30 units of a certain product. There is some learning curve effect tha

t can be observed. The operations manager estimates the assembly time required for the first two units to be 100 hours and 90 hours. What is average time per unit?
Business
1 answer:
ololo11 [35]3 years ago
7 0

Answer:

Average time per unit is 59.6 hours

Explanation:

As we know as the work is done the learning of the labor force increases and they require less time to produce the next unit. An average time required to produce specific numbers of unit including cumulative effect of the learning curve.

As per given data

Number of units = 30 unit

Ratio of Time to produce second unit = 90 / 100 = 0.9

Accumulated Average time per unit Formula is

y = aX^b

Where

y = Average time per unit = ?

X = Cumulative Numbers of unit = 30

a = Time required to produce first unit = 100 hours

b = factor used to calculate cumulative average time = log (Learning Curve %/ log2) = Log (90/100) / Log2 = -0.152

Place value value in the formula

y = 100 x 30^ -0.152 = 59.6 hours

You might be interested in
Gorton's sells Gorton's Fish Sticks, Gorton's Fish Fillets, and Gorton Grilled Fish. This is an example of
dimaraw [331]

Answer:

The correct answer is letter "A": family branding.

Explanation:

Family branding is a strategy entrepreneurs follow by naming the same or partly equal different businesses with diverse markets to take advantage of the reputation one of those businesses have obtained. The naming is legal and in most cases represents a partnership between those businesses or a license given by the main company to allow others to use part of the same name in exchange for a fee.

6 0
3 years ago
When determining how much help is needed to write the business plan an entrepreneur should conduct a self-assessment. In this se
abruzzese [7]

venture capital would not be considered

<h3>What is venture capital?</h3>

Venture capital is a type of private equity financing provided by venture capital firms or funds to startups, early-stage, and emerging companies with high growth potential or that have demonstrated high growth.

Venture capital is money put into startups and small businesses that are high risk but have the potential for exponential growth. A venture capital investment seeks a high return for the venture capital firm, typically in the form of a startup acquisition or an IPO.

To know more about venture capital follow the link:

brainly.com/question/18776651

#SPJ4

5 0
1 year ago
[The following information applies to the questions displayed below The following financial statements and additional informatio
Andrej [43]

Answer:

ffyygghjj......................

7 0
2 years ago
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
il63 [147K]

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

8 0
2 years ago
VWhat is a commodity? A. Something that producers are unable to sell to consumers B. A resource that is available in unlimited q
sdas [7]
The definition of commodity is D. Some examples are gold, silver and copper.
4 0
2 years ago
Read 2 more answers
Other questions:
  • The time to replace vehicle wiper blades at a service center was monitored using a mean and a range chart. six samples of n = 20
    11·2 answers
  • The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the _______
    5·1 answer
  • &amp;&amp;&amp;
    15·2 answers
  • A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the throughput time of the system?A. 7B. 4
    7·1 answer
  • As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits t
    12·1 answer
  • The project title should
    14·1 answer
  • Costs from Beginning Inventory Costs from Current Period
    9·1 answer
  • How does a parent perform the functions of organizing in management?
    11·1 answer
  • Please Help soon
    14·1 answer
  • The concept that people should pay taxes based on the benefits they receive from government services is called?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!