Question
In: Accounting
S Company has been investigating the time taken to produce one of its products, and found...
- S Company has been investigating the time taken to produce one of its products, and found that a 90% learning curve appears to be applicable. The time taken for the first unit is 7 hours.
What is the total time taken in hours for units 5 to 8 only?
Solutions
Expert Solution
Note:- Under the learning curve, the average time per unit is decreased by learning rate for every double output.
| __________________________________________END_____________________________________________________ | |
| Hi mate, | |
| I would be grateful to you if you can provide a thumbs up and write one beautiful comment. It will improve my rating and let me continue my journey here. | |
| In case of doubt, please comment. I will consider myself fortunate if I can help you. | |
| All the best for your bright future. | |
| Be safe from the corona. Wear a mask before going out and wash hands frequently especially before touching the face |
ekkarill92 answered 2 years agoRelated Solutions
Progressive is investigating its claim processing time. Table below shows the samples that have been taken...
Progressive is investigating its claim processing time.
Table below shows the samples that have been taken from 3 branches
for 15 random days. Examine the process output by calculating the
control limits and developing X-bar and R control charts using the
data given. Does the process look to be in statistical control?
Day
Branch 1
Branch 2
Branch 3
1
14
16
27
2
30
13
23
3
18
25
14
4
13
21
19
5
14
10
12
6...
As 3HS has been investigating updating its HIT system, one of the vendors has touted his...
As 3HS has been investigating updating its HIT system, one of
the vendors has touted his product’s commitment to the HL7 FHIR
standard. The procurement task force has asked is 3HS should move
to that standard. Explain what you will advise: who is HL7 and what
is the standard known as version 2, version 3, CDA and FHIR.
A company which manufactures compact discs has found that demand for its product has been increasing...
A company which manufactures compact discs has found that demand
for its product has been increasing rapidly over the last 12
months. A decision now has to be made as to how production capacity
can be expanded to meet this demand. Three alternatives are
available: (i) Expand the existing plant; (ii) Build a new plant in
an industrial development area; (iii) Subcontract the extra work to
another manufacturer. The returns which would be generated by each
alternative over the next...
The following information has been taken from the consolidation worksheet of Graham Company and its 80%...
The following information has been taken from the consolidation
worksheet of Graham Company and its 80% owned subsidiary, Stage
Company. (1.) Graham reports a loss on sale of land (to an outside
party) of $5,000. The land cost Graham $20,000. (2.) Noncontrolling
interest in Stage's net income was $30,000. (3.) Graham paid
dividends of $15,000. (4.) Stage paid dividends of $10,000. (5.)
Excess acquisition-date fair value over book value amortization was
$6,000. (6.) Consolidated accounts receivable decreased by $8,000.
(7.)...
Modelling Cost Behaviour MEW has been contracted by one of its customers to produce two new...
Modelling Cost Behaviour
MEW has been contracted by one of its customers to produce two
new components in the next year. The management accountant has been
asked to prepare costings for the two new components and is
concerned that the current method of calculating the overhead cost
per unit is not accurate enough. She has collected monthly
information for the current year on the fixed and variable
overheads incurred and on potential alternative allocation bases
that can be used to...
A company services copiers. A review of its records shows that the time taken for a...
A company services copiers. A review of its records shows that
the time taken for a service call is a normally distributed random
variable with a mean of 150 minutes and a standard deviation of 40
minutes.
a. What proportion of service calls takes less than 2 hours?
b. What proportion of service calls takes between 120 and 180
minutes?
c. Find the 99% quantile of the distribution and interpret the
result.
d. Suppose that the times of the subsequent...
A company is able to produce four products and is planning its production mix for the...
A company is able to produce four products and is planning its
production mix for the next period.
Estimated cost, sales, and production data follow:
Product
W
X
Y
Z
₤
₤
₤
₤
Selling
Price/unit
29
36
61
51
Labour (@ ₤
5/hr)
15
10
35
25
Material (@ ₤
1/kg)
6
18
10
12
Contribution
₤8
₤8
₤16
₤14
Resources/Unit
₤
₤
₤
₤
Labour
(hours)
3
2
7
5
Materials
(Kgs.)
6
18
10
12
Maximum...
A Company must decide which one of the three products to produce. For product A, the...
A Company must decide which one of the three products to
produce. For product A, the fixed costs are $100,000 with a
variable cost of $3 per unit. For product B, fixed costs are
$50,000 and variable costs are $6 per unit, and for product C the
respective figures are $20,000 fixed and $8 variable. The marketing
department projects three possible sales levels. Either the company
will sell 20,000 units (probability = .7), 40,000 units
(probability = .2), or 60,000...
Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined...
Paper Submarine Manufacturing is investigating a lockbox system
to reduce its collection time. It has determined the following:
Average number of payments per day
340
Average value of payment
$
930
Variable lockbox fee (per transaction)
$
0.30
Daily interest rate on money market securities
0.068
%
The total collection time will be reduced by four days if the
lockbox system is adopted.
a.
What is the PV of adopting the system?
PV
$
...
Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined...
Paper Submarine Manufacturing is investigating a lockbox system
to reduce its collection time. It has determined the following:
Average number of payments per day
405
Average value of payment
$
995
Variable lockbox fee (per transaction)
$
.30
Daily interest rate on money market securities
.068
%
The total
collection time will be reduced by three days if the lockbox system
is adopted.
a.
What is the
PV of adopting the system? (Do not round intermediate...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- From 1965 to present, feminism sought to critique mainstream American society in order to challenge proscribed...
- For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional...
- Paymaster Enterprises has arranged to finance its seasonal working-capital needs with a short-term bank loan. The...
- TOWS matrix of WOW MOMO
- Write an anecdotal lead with a person focus from the following information; include a nut graph....
- Step 1 Picture yourself as a Senior Product Manager in your favorite industry. This could be...
- Gauss Jordan elimination using python for a 2d list (3x3) without using any library. Thanks
ADVERTISEMENT