Question: QUESTION FIVE Assume that a certain process has an 80% learning curve effect and the first unit took 2000hrs to produce. Required: Use the

QUESTION FIVE Assume that a certain process has an 80% learning curve effect and the first unit took 2000hrs to produce. Required: Use the mathematical method to: a) Compute the number of hours required to produce the first 32 units (7 marks) b) Compute the number of hours required to produce 32nd unit. (4 marks) c) Assume that the wage rate is Kshs. 100 per hour, compute the Labor cost of producing the last 16 units (4 marks)

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 Accounting Questions!

show steps to calculation to put in excel!!! - - Using the discounted cash flow ( DCF ) valuation method, what is the maximum loan that can be made on a property with the following annual net before...

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

The BackPack Company produces a line of backpacks. Use the following data to solve the problem: Problem Data Cost data Regular-time labor cost per hour $12.00 Overtime labor cost per hour $16.00...

What sort of debates or experiences would get overlooked if professionals and researchers ignored these distinctions? How would you classify the following? An assigned expatriate who falls in love...

A university police department receives an average of 3.7 reports per week of lost student ID cards. a. Find the probability that at most 1 such report will be received during a given week by this...

A venturi meter is a device that uses a constriction in a flow system to measure the velocity of flow. Figure 6.17 illustrates one type of design. If the main pipe section is a standard hydraulic...

Alcohol and drug use among student athletes

The following account balances were selected from the records of Blake Corporation at December 31, 2009, after all adjusting entries were completed: Common stock (par $20; authorized 100,000 shares,...

Compute the future value in year 8 of a $3,200 deposit in year 1 , and another $2,700 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations and round...

How different is the NEO Window Shopping script from the traditional window shopping script? How many different analogous scripts would consumers have to draw on to build their expertise in using the...

1. A displacement transducer has the following specifications: Linearity error: 0.15% reading Sensitivity error: 0.25% reading Range: 0-50 cm The transducer output is to be indicated on a voltmeter...

Where do low cost production expert CEOs tend to operate? A. MC = MR B. TR = VC C. TR = TC D. AC = MC E. Minimum MC F. MR = 0

At the beginning of June, you had 15 units on the assembly line. At the end of June, there were 16 units on the assembly line. During the month, you completed 50 units. How many equivalent completed...

2. N 2 +3H 2 =2NH 3 1.00 mole of N 2 was reacted with 3.00 moles of H 2 in the reaction above to produce 28.0g of NH 3 . What was the percentage yield of this reaction?

At the end of October, Margaretlamented the company's situation: in the middle of production of Sheffield-T's most popular long-sleeve T-shirt, the company ran out of its usual collars, purchased...

Mansoor Inc., a UAE resident company, has invested in the stock of several corporatic election to exclude its forign income was approved by the FTA, what is Mansoor's ta A Moving to another question...

Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?

53. Consider the following four intervals based on the data of Example 12.4 (Section 12.2): a. A 95% CI for mean porosity when unit weight is 110 b. A 95% PI for porosity when unit weight is 110 c. A...

c. Obtain an interval of plausible values for position resulting from a single observation to be made when concentration is .50, interpret your interval, and compare to the interval of (b). d. Obtain...

51. Refer to Example 12.12 in which x volume fraction of oxides/inclusions and y % elongation. a. MINITAB gave s 0 1(.40) .0311 and s 0 1(1.20) .0352. Why is the former estimated standard...