Question: Chris started a carpentry shop. They received an order for 5 0 tables for a hotel, it's a new design that they have never built

Chris started a carpentry shop. They received an order for 50 tables for a hotel, it's a new design that they have never built before.They finish the first table in 4 hours, based on their experience they think that the second table will take 3 hours. The hotel will provide the wood needed, and Chris pays their carpenters $50 per hour of labor. Based on the learning curve formula, what would be the cost to build the first, tenth and 30th table?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Chris started a carpentry shop. They received an order for 50 tables for a hotel, it's a new design that they have never built before. They finish the first table in 4 hours, based on their...

Q:

Chris started a carpentry shop. They received an order for 5 0 tables for a hotel, it's a new design that they have never built before. They finish the first table in 4 hours, based on their...

Q:

Chris started a carpentry shop. They received an order for 5 0 tables for a hotel, it's a new design that they have never built before. They finish the first table in 4 hours, based on their...

Q:

Chris started a carpentry shop. They received an order for 5 0 tables for a hotel, it's a new design that they have never built before. They finish the first table in 4 hours, based on their...

Q:

what are the relevant external and internal factors ? what do you think is the stakeholders direction ( vision , mission and objective ) ? Based on the evaluation above which option would you...

Q:

hi could you help with this assignment? i am hard time finding the fraud thanks Student Handout 1. Tallahassee BeanCounters organizational chart Franklin Kennedy Owner Phil Ackers President $95,000...

Q:

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Q:

rumal of Information Technology Teaching Cases 2011 CNC Mac 2016/1 Teaching case From theme park to resort: customer information management at Port Aventura Mariano A Hervs, Joan Rodon, Marc Planell,...

Q:

Outback Steakhouse: Fueling the Fast Growth Company Marilyn L. Taylor, D.B.A Krishnan Ramaya, Ph.D George M. Puia, Ph.D Since the company's initial public offering in June of 1991, Wall Street...

Q:

[3 View 125% Zoom v 'll (9+in lnsert Table Chart Text Shape Media Collaborate AdVva ntage Process Management Class Project Case Study Deliverable 2 Scope Overview Wholesale Large Format Printing....

Q:

douglas is a perfume shop that has branch in many Europeancountries. Go to their European website (www.douglas.eu) and choosea country. Now choose a perfume and look at the online Douglasshops in...

Q:

The buying and selling commission schedule shown at the top of the next column is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this...

Q:

Question 4 Hadley Inc borrowed \ ( \ $ 1 7 6 , 9 6 0 \ ) from a local bank. The loan requires Hadley to pay 5 equal annual installments beginning one year from today. Assume an interest rate of \ ( 9...

Q:

Note: This problem is for the 2018 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social...