The Speedy Wind Turbine Company (SWTC) won a bid to build ten wind turbines sold to...

 

Transcribed Image Text:

The Speedy Wind Turbine Company (SWTC) won a bid to build ten wind turbines sold to a long time loyal customer. The fourth wind turbine was completed in 600 hours. The crew working on the project have demonstrated a 75% learning curve. a. How long should it take the same crew to finish the last six turbines? (5 points) b. There are 4 crewmembers working on the project. The average labor cost per hour per crewmember, including health benefits and retirement contribution, is $100. How much will be the total labor cost for the project - that is, for completing all 10 wind turbines combined? (5 points) c. Included in the bid submitted by SWTC are the following information: (1) Material cost per turbine - $10,000, (2) Overhead is 30 percent of labor and materials combined, and (3) Gross margin – 50% of material, labor, and overhead combined. How much was SWTC's bid price? Show detailed solution to receive full credit. (10 pts) d. Discuss fully the consequences if the actual learning rate for the job is actually 90%. Support your discussion with numbers using the information presented in (b) and (c) above. (5 points) The Speedy Wind Turbine Company (SWTC) won a bid to build ten wind turbines sold to a long time loyal customer. The fourth wind turbine was completed in 600 hours. The crew working on the project have demonstrated a 75% learning curve. a. How long should it take the same crew to finish the last six turbines? (5 points) b. There are 4 crewmembers working on the project. The average labor cost per hour per crewmember, including health benefits and retirement contribution, is $100. How much will be the total labor cost for the project - that is, for completing all 10 wind turbines combined? (5 points) c. Included in the bid submitted by SWTC are the following information: (1) Material cost per turbine - $10,000, (2) Overhead is 30 percent of labor and materials combined, and (3) Gross margin – 50% of material, labor, and overhead combined. How much was SWTC's bid price? Show detailed solution to receive full credit. (10 pts) d. Discuss fully the consequences if the actual learning rate for the job is actually 90%. Support your discussion with numbers using the information presented in (b) and (c) above. (5 points)

Answer rating: 100% (QA)

T n T 1 n b where n is the number of unt being manufactured and T1 is the time taken by the first un... View the full answer