× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
4
n
3
j
3
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
k
2
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
asourdillard asourdillard
wrote...
Go to Answer
Posts: 639
Rep: 0 0
6 years ago
A company manufactures tractors and lawnmowers. They have received an order for six deluxe custom riding lawnmowers for a local golf course. They must develop a cost estimate for the order. It is estimated that the first lawnmower will take 90 hours of shop time and a 75 per-cent learning curve is expected. The labor rate is 18.00 per hour, and the pricing policy of the company is to charge 2.5 times the cost of labor for the order.
 a. How many hours should the sixth lawnmower take?
  b. How many labor-hours should the whole order take?
  c. What is the customer's price for the whole order?
  d. What is the price per lawnmower?
  e. If the original time estimate for the first lawnmower is too low, and it actually takes 80 hours for the third lawnmower, what is the labor hour estimate for the first unit?
  f. If it actually really takes 80 hours for the third lawnmower, what is the new total labor cost for the entire order?
Read 70 times
1 Reply
Replies
Answer verified by a subject expert
lightingmcqueenlightingmcqueen
wrote...
#1
Top Poster
Posts: 911
Rep: 3 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

asourdillard Author
wrote...

6 years ago
Correct Slight Smile TY
noodlelicker
wrote...

Yesterday
Brilliant ツ
Marcie D
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1028 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 231
  
 370
  
 791
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?