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
larisa [96]
3 years ago
14

the vikings company, based in minnesota, is committed to training new employees. assuming the company uses the incremental learn

ing curve method, what is the total labor cost for 4 jobs
Business
1 answer:
Sergio039 [100]3 years ago
8 0

Answer:

$19,500

Explanation:

The complete question is: <em>"Each time the Company hires a new employee, it must wait for some period of time before the employee can meet production standards. New employees are paid $150 per hour. Management is unsure of the learning curve in its operation, but it knows the first job by a new employee takes 40 hours and the second and third job take 32 and 28 hours respectively. Assume all jobs to be equal in size. Assuming that the company uses the incremental learning curve method, the total labor cost for 4 units will be closest to?"</em>

<em />

The first job takes 40 hours.

The next job takes 32 hours.

So, the total hours for first 2 jobs = 40 hours+ 32 hours= 72 hours

Average hours for first 2 jobs = 72 hours / 2 = 36 hours. Learning curve percentage = 36 hours / 40 hours = 0.9 = 90%

So, the average for 4 jobs (double of 2 jobs) shall be 36*90% = 32.40 hours. Hence, Total hours for 4 jobs = 32.40 hours * 4 = 129.60 hours ≅ 130 hours. So, the total labor cost for 4 jobs = 130 hours * $150 per hours = $19,500

You might be interested in
You are given an investment to analyze. the cash flows from this investment are end of year 1. $19,340 2. $2,280 3. $26,600 4. $
AleksandrR [38]
PW = FW×(1+i)^-n

PW = $19340×1.15^-1 + $2280×1.15^-2 + $26600×1.15^-3 + $24240×1.15^-4 + $8770×1.15^-5 = $54250.90

hence PW = $54250.90
6 0
3 years ago
A ________ produces goods in advance of customer demand using a forecast of sales and moves them through the supply chain to poi
adoni [48]

Answer:

C.) Push System.

Explanation:

3 0
3 years ago
Kilbuck manufacturing operates in a lean manufacturing environment. kilbuck's actual conversion costs for the month of may follo
Brums [2.3K]
Kilbuck Manufacturing operates in a lean manufacturing environment. Kilbuck’s actual conversion costs for the month of May follow:
<span><span>Direct and indirect labor $150,000
</span><span>Machine depreciation $85,000
</span><span>Maintenance and supplies $60,000
</span><span>Total conversion costs <span>$295,000
<span>The journal entry to record April's conversion costs will include:
</span>D. A debit to Raw and In Process Inventory

</span></span></span>Raw materials of all kinds are measured at the start<span> recorded into </span>a list plus<span> account with a debit to the raw materials inventory account and a credit to the accounts </span>collectible<span> account.When raw materials </span>are<span> consumed, the accounting treatment varies, </span>betting on<span> their </span>standing<span> as direct or indirect materials.</span>
3 0
3 years ago
Unlimited liability for sole proprietors means that​
astraxan [27]

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own

6 0
2 years ago
The movie E.T. the Extraterrestrial grossed $435,110,554 in box office receipts in 1982. The movie Titanic grossed $659,363,944
earnstyle [38]

Answer:

E.T. the Extraterrestrial

Adjustment for inflation in 1997

Value of E.T. box office receipts = $723,681,284.11 ($435,110,554/96.5 x 160.5)

Explanation:

To adjust a 1982 receipts for inflation in 1997, the 1982 receipts is divided by the 1982 price index and multiplied by the 1997 price index.  This results to an inflation-reflected receipts in 1997.

The adjustment helps to put a value that is equivalent to the current price (assessed period's current price) having factored in inflation.

A Consumer Price Index is a statistical estimate that measures the changes in the price level of a weighted average market basket of consumer goods and services purchased by households.  It is measured periodically to reflect inflation.

Inflation is the general rise in the prices where a unit of currency yesterperiod buys less today than it did.  It is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time.

6 0
3 years ago
Other questions:
  • A company has grown in size to the point that it is expanding its operations
    7·2 answers
  • Consumer protections related to the Internet and telecommunications and direct-mail fraud are covered under the Financial Practi
    13·1 answer
  • Select the TWO examples that would NOT qualify as coordination problems: Select one or more: a. Watching your favorite TV show o
    5·1 answer
  • How do comparative advantage and absolute advantage differ?
    14·1 answer
  • A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be t
    14·1 answer
  • Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality
    8·1 answer
  • Why not use the silver standard for money?
    5·1 answer
  • Suppose you're working as a salesperson and one of your prospects tells you they are interested in your product because it is th
    11·1 answer
  • Yuma, Inc. manufactures teddy bears and dolls. Currently, Yuma makes 2,100 teddy bears each month. Each teddy bear uses $3.50 in
    13·1 answer
  • Sexual Violence Awareness (Campus SaVE Act):
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!