What will the last unit cost to build

Assignment Help Operation Management
Reference no: EM131898461

Question: United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $30,000 in materials and equipment usage. The second took 2,800 hours and cost $18,000 in materials and equipment usage. Labor cost is charged at $22 per hour. The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls.

a. What will the last unit cost to build? (Round your answer to the nearest dollar amount.) Cost of last unit $

b. What will be the average time for the 20 missile guidance controls? (Round your answer to the nearest whole number.) Average time hours

c. What will the average cost be for guidance control for the 20 in the contract? (Round your answer to the nearest dollar amount.) Average cost $

Reference no: EM131898461

Questions Cloud

What is economic order quantity for purchases of clickers : The University Store purchases classroom clickers for $370 for each case of 16 units. Annual demand is estimated to be 2,900 units per year.
Explain the behavior of the female teacher : Do you think she committed a crime? Does she deserve to be punished? If so, what type of punishment should she receive?
Dis-benefits of free movement of labor within the eu : What are those dis-benefits of Free Movement of Labor within the EU, except for unemployment issue for those economically developed countries?
What is meant by competency in relation to employment : How can an employer be sure that an employee has the competencies needed to do the job effectively and safely?
What will the last unit cost to build : United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours.
Impact of regulations : Why is training especially important in healthcare is it because of the impact of regulations?
Define a criminal investigators role in preparing a case : Define a criminal investigator's role in preparing a case for court. Analyze the manner in which the investigator cooperates with the prosecutor to enhance.
Writing to work for eastern enterprises : Pat Edwards agreed in writing to work for Eastern Enterprises, Inc., for three years as manager of Eastern's manufacturing company and to devote
What are the legal uses of the health record : What are the legal uses of the health record? How should the health information manager handle an invalid subpoena duces tecum?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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