t took a Korean shipyard 125,000 labor-hours to produce the first of several tugboats that you expect to purchase for your shipping company, Great Lakes, Inc. Boats 2 and 3 have been produced by the Koreans with a learning factor of 85%. Approximately how many hours will it take to build all 4 units? 425,000 500,000 418,125 398,200

t took a Korean shipyard 125,000 labor-hours to produce the first of several tugboats that you expect to purchase for your shipping company, Great Lakes, Inc. Boats 2 and 3 have been produced by the Koreans with a learning factor of 85%. Approximately how many hours will it take to build all 4 units? 425,000 500,000 418,125 398,200

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 41P: Harriman Industries manufactures engines for the aerospace industry. It has completed manufacturing...

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A construction company has just completed a bridge over the Visayas area. This is the first bridge the company ever built and it required 100 weeks to complete. Now having hired a bridge construction crew with some experience, the company would like to continue building bridges. Because of the investment in heavy machinery needed continuously by this crew, the company believes it would have to bring the average construction time to less than one year (52 weeks) per bridge to earn a sufficient return on investment. The average construction time will follow an 80% learning curve. To bring the average construction time (over all bridges constructed) below one year per bridge, the crew would have to build approximately how many additional bridges? 2 additional bridges 7 additional bridges 3 additional bridges 8 additional bridges
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Learning CurveBordner Company manufactures HVAC (heating, ventilation, and air conditioning) systems for commercial buildings. For each new design, Bordner faces a 90 percent learning rate. On aver-age, the first unit of a new design takes 600 hours. Direct labor is paid $25 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 unit, two units, four units, eight units, and sixteen units. (Round hour answers to two significant digits.) 2. What is the total labor cost if Bordner makes the following number of units: one, four, sixteen? What is the average cost per system for the following number of systems: one, four, or sixteen? (Round your answers to the nearest dollar.) 3. Using the logarithmic function, set up a table with columns showing: the cumulative number of units, cumulative average time per unit in hours,…
Assume you have developed and tested a prototype electronic product and are about to start your new business. You have purchase pre-programmed computer chips at RM80 per unit. Other component cost includes: plastic casings at RM20 per unit and assembly hardware at RM5 per unit. Direct labour costs are RM15 per hour and 3 units can be produced per hour. You intend tosell each unit at a 50% mark-up over the total costs of producing each unit. The plan is to produce 500 units per months in October, November and December. Sales are expected to be: 200 units in October, 400 units in November and 800 units in December. Prepare an inventories schedule for October, November and December.
Assume you have developed and tested a prototype electronic product and are about to start your new business. You have purchase pre-programmed computer chips at RM80 per unit. Other component cost includes: plastic casings at RM20 per unit and assembly hardware at RM5 per unit. Direct labour costs are RM15 per hour and 3 units can be produced per hour. You intend tosell each unit at a 50% mark-up over the total costs of producing each unit. The plan is to produce 500 units per months in October, November and December. Sales are expected to be: 200 units in October, 400 units in November and 800 units in December. Calculate the amount of sales revenue expected in each month and for the first quarter of the year. Prepare the cost of production schedule for October, November and December. Prepare a cost of good sold schedule for each of the three months and for the first quarter of the year. Using your cost of good sold estimates and the sales revenues expected in question…
Assume you have developed and tested a prototype electronic product and are about to start your new business. You have purchase pre-programmed computer chips at RM80 per unit. Other component cost includes: plastic casings at RM20 per unit and assembly hardware at RM5 per unit. Direct labour costs are RM15 per hour and 3 units can be produced per hour. You intend tosell each unit at a 50% mark-up over the total costs of producing each unit. The plan is to produce 500 units per months in October, November and December. Sales are expected to be: 200 units in October, 400 units in November and 800 units in December. a.Calculate the amount of sales revenue expected in each month and for the first quarter of the year. b.Prepare a cost of good sold schedule for each of the three months and for the first quarter of the year. Using your cost of good sold estimates and the sales revenues expected in question (a), calculate the gross earning for October, November and December, as well as for…