Estimate the total material and the total manufacturing cost

Reference no: EM131505525

Question: You have been asked to estimate the cost of 100 prefabricated structures to be sold to a local school district. Each structure provides 1,000 square feet of floor space, with 8-feet ceilings. In 2003, you produced 70 similar structures consisting of the same materials and having the same ceiling height, but each provided only 800 square feet of floor space. The material cost for each structure was $25,000 in 2003, and the cost capacity factor is 0.65. The cost index values for 2003 and 2014 are 200 and 289, respectively. The estimated manufacturing cost for the first 1,000-square-foot structure is $12,000. Assume a learning curve of 88% and use the cost of the 50th structure as your standard time for estimating manufacturing cost. Estimate the total material cost and the total manufacturing cost for the 100 prefabricated structures.

Reference no: EM131505525

Questions Cloud

What do you think about the higher diagnoses of anxiety : What do you think about the higher diagnoses of anxiety in women? Why do you think that women are more prone to anxiety than men

Estimate the overhead costs for the first month of program : The overhead costs for a company are presently $X per month. The management team of the company, in cooperation with the employees.

Identify characteristics of leadership and management : Identify characteristics of leadership and management.Describe your overall leadership characteristics, strengths, and weaknesses.

Describe practical issues for understanding human behavior : Describe theoretical and practical issues for understanding human behavior in the organizational environment

Estimate the total material and the total manufacturing cost : You have been asked to estimate the cost of 100 prefabricated structures to be sold to a local school district. Each structure provides 1,000 square feet.

Is meta-cognition an active process explain : Is meta-cognition an active process? Or passive? Is it consciously done or is it an unconscious (automatic in other words) process

Calculate and report the percent error in your pka value : Using the pH of the acetic acid solution before addition of any NaOH and the experimentally determined precise concentration of the acetic acid solution.

Analyze performance measurement baseline for your ms project : Write a two to three page paper in which you Analyze one performance measurement baseline for your MS Project. Justify your response.

What is the correlation coefficient : In the packaging department of a large aircraft parts distributor, a fairly reliable estimate of packaging and processing costs can be determined.

User Account

All Pages