Question 1 A time standard was set at 0.75 hours per unit based on the 50th unit produced (1.e. 150 = 0.75). If the task follows a 95 percent learning curve, what would the expected time be for the 100th 200th, and 400 the units? (you need to start with the book's method using the tables to find the learning rate) Question 2 Unit Research Associates (URA) has received a contract to produce five units of a new cruise missile guidance control. The first unit took 4,500 hours to complete and cost $50,000 in materials and equipment usage. The second took 3,000 hours and cost $46,500 in materials and equipment usage. For bidding purposes, labor cost is assumed to be $25/hour and an overhead rate of 20% added to materials and equipment costs. The prime contractor is now asking URA to submit a bit for an additional 25 guidance controls. a. What will the last unit cost to build? b. What is the estimated average time for the 25 new units? c. What is the total bid for the 25 new units and what would the cost per unit be? d. The contractor was very happy with the price of the 5 prototype units provided and is accustomed to receiving a 15% discount for "large orders," those over 20 units. Based on this status quo, what bid would you recommend and how much profit do you expect the company to make. Question 1 A time standard was set at 0.75 hours per unit based on the 50th unit produced (1.e. 150 = 0.75). If the task follows a 95 percent learning curve, what would the expected time be for the 100th 200th, and 400 the units? (you need to start with the book's method using the tables to find the learning rate) Question 2 Unit Research Associates (URA) has received a contract to produce five units of a new cruise missile guidance control. The first unit took 4,500 hours to complete and cost $50,000 in materials and equipment usage. The second took 3,000 hours and cost $46,500 in materials and equipment usage. For bidding purposes, labor cost is assumed to be $25/hour and an overhead rate of 20% added to materials and equipment costs. The prime contractor is now asking URA to submit a bit for an additional 25 guidance controls. a. What will the last unit cost to build? b. What is the estimated average time for the 25 new units? c. What is the total bid for the 25 new units and what would the cost per unit be? d. The contractor was very happy with the price of the 5 prototype units provided and is accustomed to receiving a 15% discount for "large orders," those over 20 units. Based on this status quo, what bid would you recommend and how much profit do you expect the company to make