Estimate the average cost for the guidance control

Assignment Help Operation Management
Reference no: EM13105735

United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,000 hours to complete and cost $50,000 in materials and equipment usage. The second took 4,000 hours and cost $37,500 in materials and equipment usage. Labor cost is charged at $25 per hour.
The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls.
1. What will the last unit cost to build?
2. What will be the average time for the 20 missile guidance controls?
3. What will be the average cost for the guidance control for the 20 in the contract?

Reference no: EM13105735

Questions Cloud

What are the confidence limits for the proportion : Of the 500 surveyed, 350 said they would vote for the Democratic incumbent. Using the 0.99 confidence coefficient, what are the confidence limits for the proportion that plan to vote for the Democratic incumbent?
Explain product line : Write a paper of no more than 1,050 words to precise your findings. Your paper must include a description of the chosen product, product line
Information about confidence interval estimate : When estimating a population mean with a confidence interval estimate, then E is:
Explain philosophies are commonly mentioned to as production : Four competing philosophies powerfully influence an organization's marketing activities. These philosophies are commonly mentioned to as production, sales
Estimate the average cost for the guidance control : United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,000 hours to complete and cost $50,000 in materials and equipment usage.
Confidence intervals and limits for proportion question : A survey of 85 families showed that 36 owned at least one DVD player. Find the 99% confidence interval estimate of the true proportion of families who own at least on DVD player.
What is the necessary sample size : For the new study, the estimate should be within 1% of the population proportion with a 90 percent confidence level. What is the necessary sample size?
Explain model of organizational change implementation : Rita is a fresh recruit at Truien Consultancy. At her last job she acquired expertise in that company's model of organizational change implementation
Calculating confidence interval estimate for true mean : A snack food manufacturer selected a sample of 15 bags of pretzels off the assembly line and weighed their contents. If the sample mean is 10.0 and the sample standard deviation is 0.15

Reviews

Write a Review

Operation Management Questions & Answers

  Completing the venture opportunity screening exercises

Completing the Venture Opportunity Screening Exercises is designed to clear up the uncertainties and risks associated with that venture concept.

  Are there any defences that could be raised to such injury

Would it make any difference if Helen had used product to colour her hair at home. Are there any defences that could be raised to such injury.

  Management believes that they can increase the price

Management believes that they can increase the price per hour by 10 percent in this new situation and improve profits by 10 percent, but the sales department cautions that the price increase may decrease sales by 15 percent

  Elucidate how could he use technical human

Elucidate how Could He Use Technical Human Also Conceptual Skills To Maintain An Environment Which Encourages Innovation also professionalism in his CAP firm.

  Determine what steps you would take to initiate

Determine what steps you would take to initiate the project and include how your leadership style would predict your action

  What do you think is the purpose of the accident

What do you think is the purpose of the accident investigation? Explain how the NTSB can be a reactive organization in terms of accident/incident investigation (after the fact) yet, still be a proactive safety organization.

  Illustrate what is the role of inspection in manufacturing

Illustrate what is the role of inspection in both the manufacturing and service industry. Explain how does it relate to the idea of continuous improvement and the philosophies of the quality gurus, Deming, Juran, Feigenbaum and Crosby.

  Which of the following do you believe is the primary reason

Which of the following do you believe is the primary reason for over diversification? Industrial policies, such as taxes and antitrust regulation

  Creating c chart at 99.73 percent levels

Airlines lose thousands of checked bags every day, and America South Airlines is no exception to the industry rule. Over the past 6 weeks, the number of bags "misplaced" on America South flights has been 18, 10, 4, 6, 12, and 10.

  Planning horizons strategic tactical and operational

There are three planning horizons, strategic, tactical, and operational. We will focus on strategic planning since the primary responsibility belongs to you

  What you have researched and studied throughout modules

Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project

  What is the expected value of sample information

What is the expected value of sample information? What is the efficiency of sample information? Because of the expense involved in developing the initial molds and acquiring the necessary equipment to produce fiberglass sailboats for young children

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