ORIE_350_Homework__10

ORIE_350_Homework__10 - ORIE 350 Homework#10 Due April 9...

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ORIE 350 Due April 9, 2008 Homework #10 1. Depregno Industries is making a labor intensive industrial filter product. They found the second unit cost $30,000 in labor. The fourth unit had a labor cost of $26,100. Given that learning is taking place, find the expected labor cost for the: a. 7 th unit b. 11 th unit 2. A contractor manufactures small backup power systems. Learning is taking place. Given the following data, estimate the cost of unit #6 and unit #10. Unit 1: $46,346 Unit 2: $38,941 Unit 3: $32,611 Unit 4: $31,929 Unit 5: $28,645 3. Haggis Manufacturing has the following data from its factory, collected on a monthly basis over the past eight months. . Production (Units) Cost of Goods Sold ($1000’s) 2190 664 990 482 1200 503 2400 750 1600 546 1420 587 1780 612 2000 668 a) Using linear regression, find the fixed cost per month and the variable cost per unit for the factory. b) Using linear regression, predict the cost of of goods sold on a per unit basis for a month in which 2500 units were manufactured.
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4. Stanford Instruments makes spectrum analyzers for acoustics laboratories. The
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