A. A B. B C. C D. None of the above If the lines in the PROFITS), which of the t
ID: 363827 • Letter: A
Question
A. A B. B C. C D. None of the above If the lines in the PROFITS), which of the three alternatives would never be best? graph represent expected COSTS instead (the table therefore shows COSTS instead of A. A B. B C. C D. All of the alternatives are optimal at some P(high demand) level oFrns n the graph represent expected COSTS instead (the table therefore shows COSTS instead of ats zat probabilty of high demand - PCHigh Demand) will Altematives C and A have equal 33. If the lines the expected costs? Learning Curve Problem 1 on Hospital has received initial certification from the state of California to become a center for liver hospital, however, must complete its first 18 transplants under great scrutiny and at no cost nts. The very first transplant just completed required 25 hours. On the basis of the research at the hos pital Beth Zion estimates that it wil have a 60% the info hee is different from the assignment into learning c 34. About how long (hours) will it take to complete the 10th transplant? 35. About how long (hours) will it take to complete the first 10 transplants? 36 If the actual learning rate for the transplant is 80% instead of the estimated percentage of 60% stated in the problem, which of the following will be the consequence of this mistake? The resulting time estimates will be overestimates (longer than actual) The resulting time estimates will be underestimates (shorter than actual) No effect on the estimates. a. c. Learning Curve Problem 2 The labor cost to produce a certain item is $21.00 per hour. Job setup costs $ 500.00 and material costs are $30.00 per unit. The item can be purchased for $200.00 per unit. The learning rate is 80 percent. Overhead is charged at a rate of 25 percent of labor, materials, and setup costs. 37. If n units of this item are produced, the formula for computing the total overhead cost is correctly expressed as a. 0.25 (Setup Cost + Total Materials Cost+ Total Labor Cost) b. [1.25 (Setup Cost + Total Materials Cost+ Total Labor Cost)]/n c. (Setup Cost+ Total Materials Cost+ Total Labor Cost) /n 38. Given n units produced, which of the following is the correct formula for computing the average cost per unit? a. 0.25 (Setup Cost+Total Materials Cost+Total Labor Cost) b. [1.25 (Setup Cost+Total Materials Cost+Total Labor Cost))/n c. (Setup Cost+ Total Materials Cost+Total Labor Cost)/n 39. If 20 units of this item are produced, how much will be the total materials cost? 40. If 20 units of this item are p roduced, how much will be the total production cost, including the overhead cost? true leaning percentage is actually higher than the one provided in the problem, which of the followi statements would be correct? a. The average production cost would actually be higherExplanation / Answer
PLEASE FIND ANSWERS TO QUESTION NUMBERS 34, 35, 36, 37,38,39
Learning curve problem 1 :
Answer to question 34, 35 , 36 :
We will use Standard Learning curve table to arrive at solutions .
Time required for first transplant = 25 hours
Learning rate = 60%
Therefore ( using learning curve table):
Time required to complete 10th Transplant = 4.58 hours
Time required to complete first 10 transplants = 95.33 hours
If actual learning rate of the transplant is 80% I/O 60% ,
Actual Time required to complete 10th Transplant = 11.91 hours
Actual Time required to complete first 10 transplants = 157.88 hours
Thus we can say that resulting actual time is more than the estimates as calculated earlier . Hence , “b. The resulting time estimates will be underestimates ( shorter than actual)” Learning curve problem 2 :
Answer to Question 37 :
If n units of items are produced , formula for computing total overhead cost is correctly calculated as “ a. 0.25 x ( Set up cost + Total material cost + Total Labour cost”
Answer to question 38:
Total cost of n items
= Set up cost + Total Material cost + Total labor cost + Total overhead cost
= Set up cost + Total material cost + Total labour cost + 0.25 x ( Set up cost + Total material cost + Total labour cost )
= 1,25 x ( Set up cost +Total Material cost + Total Labor cost )
Therefore average cost per unit :
“b. 1.25 x ( Set up cost + Total Material cost + Total labour cost )/ n”
Answer to question 39 :
Total material cost for 20 units
= $30/ unit x 20 units
= $ 600
TOTAL MATERIAL COST FOR 20 UNITS = $600
TOTAL MATERIAL COST FOR 20 UNITS = $600
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