Naomi Ltd. (hereinafter the Company) has developed a new product and began manufacturing it in January 2022
Question:
Naomi Ltd. (hereinafter the "Company") has developed a new product and began manufacturing it in January 2022
The company estimates that the monthly demand for the product is 250 units.
Below are partial data on total production time in the company as measured Actual ( hours ):
number of units Manufactured | Total production time - Hours |
1 | 3.5 |
4 | 10.5966 |
Production costs are as follows :
Raw materials: 111.4 NIS per unit .
Direct work: 75 NIS per working hour.
Indirect costs are charged at a rate of NIS 85 per hour of direct work.
What is the learning rate of the company's employees? (Approximate) - (round to two places after the dot)
0.92
0.83
0.87
0.79
All other answers are incorrect.
Assume that the learning rate of the company's employees is 94%. What will be (approximately) the average production time per unit in March (the third month of product production)? Note: Answers are given in minutes.
115.3 minutes.
All other answers are incorrect.
107.7 minutes.
119.1 minutes
112.8 minutes.
Assume that the learning rate of the company's employees is 94%, and also assume that the company has set itself a monthly gross profit target of 25% of sales and that the company can determine the selling price of the product. What will be the selling price per unit to be determined by the company (approximately) in April (the fourth month of product production)?
515 NIS.
510 NIS.
550 NIS.
All other answers are incorrect.
520 NIS.
Expert Answer:
a 35 hours 75 NIShour 2625 NIS 105966 hours 75 NIShour 794745 NIS 2625 NIS 794745 NIS 1057195 NIS 1... View the full answer
