KManceville 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 able E.3Total manufacturing time for the:first 8 unitsLearning Curve CoefficientsUnit Number (N)8UnitTime.51280%TotalTime5.346hoursUnitTime.61485%(round your response to the nearest whole number).TotalTime5.936UnitTime72990%TotalTime6.574X

Given data is Time required for first unit = 112 hours Learning curve = 85%

Answered: K Manceville Air has just produced the…

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...

See similar textbooks

Similar questions

Suppose a manufacturer of copiers has concluded that a 70 percent learning curve applies to the time a beginning service technician takes to install copy machines. Use the Learning Curve Excel template to answer the following questions: If the time required to install the first copy machine is estimated to be five hours, what is an estimate of the time required by a new technician to install the second and third copiers? Round your answers to one decimal place. For x = 2 it takes hours For x = 3 it takes hours If the learning rate changes to 65 or 95 percent, what is an estimate of the time required by a new technician to install the second and third copiers? Round your answers to one decimal place. For x = 2 and a 65% LC, it takes hours For x = 3 and a 65% LC, it takes hours For x = 2 and a 95% LC, it takes hours For x = 3 and a 95% LC, it takes hours
Manceville Air has just produced the first unit of a large industrial compressor that incorporated new technology in the control circuits and a new internal venting system. The first unit took 116 hours of labor to manufacture. The company 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 80% learning curve when producing similar 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 below: 80% 80% 85% Unit Number (N) Unit Time Total Time Unit Time 85% Total Time 90% Unit Time 90% Total Time 8 .512 5.346 .614 5.936 .729 6.574 Total manufacturing time for the= Manufacturing time for the last 7 units (i.e., units 2 thru 8)=
The personnel manager of Powerwest Inc. want to estimate the direct and cumulative average direct labor hours for producing 30 locomotive train units during then next year. He estimates from past experience that the learning rate is 90 percent. The production department estimate that manufacturing the first unit will take 30,000 hours. Each employee average 200 hours per month. The production rate forecast is as follows: Month Production Rate (units) Month Production Rate (units) January 2 July 2 February 3 August 4 March 2 September 3 April 4 October 3 May 3 November 1 June 2 December 1 How many direct hours are required to produce the 30th unit? How many total hours are needed to produce all 30 units? What is the maximum number of employees required next year? If the learning rate were to change to 0.85, what would be the impact on the total hours and the number of employees needed to product 30 units?
NUBD Company is planning to introduce a new product with an 85 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 2,000 units based on the cumulative average-time learning curve?
Hanna’s Super Service Burgers and Fries fast-food restaurant trains its new employees (all of which are part-time)for three days to assemble its different burgers. The mosttime-consuming item to assemble is the Super MegaBurger because it includes a lot of ingredients. After threedays of training, an employee can assemble his or her firstMega-Burger as a regular employee in an average of 126seconds. The learning curve for this assembly operation isestimated to be 85%, and no additional learning will takeplace after assembly of the eightieth Mega-Burger. Determine how many seconds will be required for an employeeto assemble his or her eightieth Mega-Burger.
Omega Technology is starting production of a new supercomputer for use in large research universities. It has just completed the i rst unit, which took 120 labor hours to produce. Based on its experience, it estimates its learning percentage to be 80 percent. How many labor hours should it expect the second unit to require to manufacture?
The personnel manager of Powerwest Inc. wants to estimate the direct and cumulative average direct labor hours for producing 30 locomotive train units during the next year. He estimates from past experience that the learning rate is 90 percent. The production department estimate that manufacturing the first unit will take 30,000 hours. Each employee averages 200 hours per month. The production rate forecast is as follows: Month Production Rate (units) Month Production Rate (units) January 2 July 2 February 3 August 4 March 2 September 3 April 4 October 3 May 3 November 1 June 2 December 1 Show/explain step by step, so I fully understand the process. How many direct hours are required to produce the 30th unit? How many total hours are needed to produce all 30 units? What is the maximum number of employees required next year? If the learning rate were to change to 0.85, what would be the impact on the total hours…
You are asked to do a learning curve analysis as part of your internship project, but you discover that the data is pretty slim. Unfortunately you don't have time to do more field work and you have to come up with the best estimate based on the available data. Here's what you know: It took 98.71 minutes to complete the seventh unit and only 89.35 minutes to complete the twelfth unit. What is your best estimate of the Learning Rate for this process?
NUBD Company is planning to introduce a new product with an 90% learning rate for production for batches of 1,000 units. The variable labor costs are 30 per unit for the first 1,000-unit batch. Each batch requires 100 hours. There are 10,000 in fixed costs not subject to learning. What is the cumulative total time (labor hours) to produce 2,000 units based on the cumulative average-time learning curve?
What is an example of the learning curve for a business operation where the average costs were reduced due to cumulative production experience?
A firm has recently added a new product to their offerings. Manufacturing reports that production is going smoothly and factory workers are becoming familiar with the manufacture of this product. All expectations are that the current rate of learning will continue and the manufacture of future units will be more efficient (i.e. take less time). The following table shows the results for the first two units produced. Unit Produced Time to manufacture (hours) 1 600 2 510 The firm has an order for two additional units. Assuming the pattern of learning curve continues (same rate): a. At…
Cumulative Average-Time Learning CurvePohlman Company makes aircraft engines. Pohlman has noticed that, in general, each new engine design is subject to an 80 percent learning rate. Assume that the first unit produced takes500 hours, and direct labor is paid an average of $30 per hour. Required:1. Set up a table with columns showing: the cumulative number of units, cumulative average time per unit in hours, and cumulative total time in hours. Show results by row for total pro-duction of: one engine, two engines, four engines, eight engines, sixteen engines, and thirty-two engines. (Round hour answers to two significant digits.) 2. What is the total labor cost if Pohlman manufactures the following number of engines: one,four, or sixteen? What is the average cost per engine for the following number of engines:one, four, or sixteen? (Round your answers to the nearest dollar.)3. What if Pohlman is preparing a bid to build 16 engines? Calculate budgeted labor cost for anengine design which…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS