Chips, Inc. has developed a new production process to manufacture its product. The new process is complex and requires a high degree of technical skill. However, management believes there is a good opportunity for the employees to improve as they become more familiar with the production process. The production of the first unit requires 100 direct labor hours. If a 70% learning curve is used, using the cumulative average time model, the cumulative direct labor hours required to produce a total eight units would be: O 196 hours 392 hours 274 hours O 560 hours

The management of Hartman Company is trying to determine the amount of each of two products to produce over the coming planning period. The following information concerns labor availability, labor utilization, and product profitability:     Labor-Hours Required(hours/unit)   Department Product 1 Product 2 Hours Available A 1.00 0.35 95     B 0.30 0.20 36     C 0.20 0.50 50     Profit contribution/unit $30.00 $15.00           (a) Develop a linear programming model of the Hartman Company problem. Solve the model to determine the optimal production quantities of products 1 and 2.   If required, round your answer to two decimal places.     Product 1 Product 2 Production     (b) In computing the profit contribution per unit, management does not deduct labor costs because they are considered fixed for the upcoming planning period. However, suppose that overtime can be scheduled in some of the departments. Which departments would you recommend scheduling for…

Quan If an 80% learning curve is applicable, Grosse Point's total cost on this order would be estimated at P26,400. P32,000. c.. P38,000. a. d. P41,800. (CMA, Adapted) b. A particular manufacturing job is subject to an estimated 90% learning 59. curve. The first unit required 50 labor hours to complete. What is the cumulative average time per unit after four units are completed? 50.0 hours 45.0 hours 40.5 hours с. 40.0 hours d. a. b. 60. Grosse Point Manufacturing recently completed and sold an order of 50 units that had costs as follows: Direct materials Direct labor (1,000 hours x P8.50) Variable overhead (1,000 hours x P4.00)* Fixed overhead P 1,500 8,500 4,000 1,400 P15,400 Applied on the basis of direct labor hours Applied at the rate of 10% of variable cost If Grosse Point had experienced a 70% learning curve, the bid for the 150 units would show a 30% reduction in the total direct labor hours required with no learning curve. a. b. include increased fixed overhead costs. be 10%…

ABC Company is producing and selling Product X. Company management anticipates that a 70% learning curve will apply to the production of a new item. The cost of first item is $1,500 in materials. First item will take 500 labor hours. The cost per labor hour is $4 per hour. Variable overheads are 130% of labor costs. ABC Company has a profit mark-up for its products in amount of 20%. What is the cost of the third unit of Product X? O $3.238 $3,420 O $2.620 O $2.788