Calculate total bid price

Assignment Help Operation Management
Reference no: EM13110937

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8 session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract it appears the effort will be substantial, running 50 hours for the first session. Your firm bills ate rate $100/hour and the overhead is expected to run a fixed $600 per session. The customer will pay you a flat rate per rate per session. If your nominal profit margin is 20 percent, what will be total bid price, the per session price, and at what session will you break even?

Reference no: EM13110937

Questions Cloud

Conduct the goodness of fit test : Dr Johnson wishes to know if there is sufficient evidence to conclude that grade distribution of his class is different than historical grade distribution. Use a =.05 and .01 and conduct the goodness of fit test.
Board of directors will get buy-in from subordinate managers : it is assumed that the Board of Directors will get buy-in from subordinate managers but will not take directions from those managers. Illustrate what does that mean?
Compute the percent of sodium carbonate in sample : Compute the % sodium carbonate (MM = 105.99 g/mol) in this sample.
Which structure can be used for feeding and gas exchange : Which structure can be used for feeding and gas exchange.
Calculate total bid price : Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8 session class.
Explain why incorporation is an effective idea for business : explain why incorporation is an effective idea for their business, discuss the steps they must take to incorporate their business and classify the steps they must take to dissolve the corporation once the 10 years has passed.
Which characteristics define a chordate : Which characteristics define a chordate?
Determines the identity of the gas : the gas sample weighs 2.62grams then computes the molecular weight and determines the identity of the gas.
Which of following statements about deuterostomes is false : Which of the following statements about deuterostomes is false.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how organizational behaviour influences workplace

Explain how organizational behaviour influences us in our workplace. Any ideas about explain how you might be able to improve explain how you get along in your work.

  Question related to probability

Marty's Barber Shop has one barber. Customers have an arrival rate of 2.9 customers per hour, and haircuts are given with a service rate of 4 per hour.

  Use the course''s electronic reserve readings

Use the course's Electronic Reserve Readings (ERR), the Internet, or other resources, to find an article that defines the learning organization.

  Pure and mixed strategies in production planning

Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.

  Leadership training and development

Leadership training and development throughout all levels of the organization. From your experience discuss the importance this component and why?

  You use a lot of heavy cast gray iron parts

You use a lot of heavy cast gray iron parts in your furniture manufacturing business and you have an American supplier who does not give you very good service.

  Illustrate what is percent change in multi-factor product

Illustrate what is the percent change in multi-factor productivity if Upton can reduce the energy bill by $1,000 without cutting production or changing any other inputs.

  Illustrate under what circumstances would gma be appropriate

Illustrate under what circumstances would GMA or cognitive ability tests be appropriate for promotion decisions. Are there other methods that might be more valid.

  Explain decisions about a marketing plan

The CEO of your company expresses concern to the VP of Marketing that the sample chosen for the survey in which all the transactions were taken during a single shift of one employee is an inadequate basis for making decisions about a marketing pla..

  Illustrate what does the chart tell you

Construct a c-chart for test errors also set the control limits to contain 99.73percent of the random variation in test scores. Illustrate what does the chart tell you.

  Examine this course has affected you in your professional

Examine how this course has affected you in your professional development as a student also as a person as well as encouraging you on your academic path. Respond utilizing the critical elements below also submit your minimum one page response to t..

  What risks might actually be present also are being ignored

Explore the idea of illustrate what risks might actually be present also are being ignored without an assessment. Also, if risks are unidentified, explain how are they automatically handled.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd