Bid to supply an oem with six specialized jigs

Assignment Help Operation Management

Reference no: EM131117366

A small job-shop has just won a bid to supply an OEM with six specialized jigs. The work content is such that the expected standard time to make one jig is 54 labor hours. But because this is a new job, the first jig actually took 90 labor hours to complete. The highly skilled workforce has a learning rate estimated at 85%. Assuming an hourly wage of $30/hr, 100% overhead rate, and 10% personal time; determine the total time and cost of making the batch of six jigs.

Show Work

Reference no: EM131117366

Questions Cloud

What impact would this have on plan for water-sewer system : Ranch Development Project One hundred years ago, a high plains area near the continental divide in Colorado was used as a working ranch. The views were majestic, although the winters could be harsh. As a result of the boom in skiing, snowmobiling, an..

Case study-under armour : Founded in 1996 by former University of Maryland football player Kevin Plank, Under Armour was the originator of performance apparel-gear engineered to keep athletes cool, dry and light throughout the course of a game, practice, or workout. By 201..

What is the component cost for cooglys preferred stock : What is the component cost for Coogly's preferred stock? What are the advantages and disadvantages of using preferred stock in the capital structure?

Business opportunities in contemporary china : Explain business opportunities in contemporary China.

Bid to supply an oem with six specialized jigs : A small job-shop has just won a bid to supply an OEM with six specialized jigs. The work content is such that the expected standard time to make one jig is 54 labor hours. But because this is a new job, the first jig actually took 90 labor hours to c..

Stock expected growth rate : For Stock C suppose the current price, PO, is $25, the next expected dividend, D1, is $1.50, and the stock's expected growth rate is 4 percent. Is the stock in equilibrium?

Determine the amount of sedato company inventory : Lower-of-Cost-or-Market Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

Should stock rise later once world stock markets recover : A financial manager of Chapman Co. recommends that it wait until the world stock markets recover before it issues stock. Another manager believes that Chapman Co. could issue its stock now even if the price would be low, since its stock price should ..

What is expecte in the future in terms of future performance : Valuation of a firm's financial assets is said to be based on what is expected in the future, in terms of the future performance of the firm, the industry, and the economy.

User Account

All Pages