{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

# ORIE_3150_Homework__10_answers - ORIE 3150 Homework#10 1...

This preview shows pages 1–4. Sign up to view the full content.

ORIE 3150 Homework #10 1. Depregno Industries is making a labor intensive industrial filter product. They found the fourth unit cost \$30,000 in labor. The eighth 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 s = 26100/30000 = 0.87 n = (log s)/(log 2) = (log 0.87)/(log 2) = -0.200913 Z u = Ku n K = (30000)(4) 0.200913 = \$39,635 Z 7 = (39,635)(7) -0200913 = \$26,810 cost for 7 th unit Z 11 = (39,635)(11) -0200913 = \$24,482 cost for 11 th unit Most of the problems seemed to stem from copying the answers from the previous semester. Obviously that is a bad idea.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
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 u Z Log u Log Z 1 46346 0 4.666012 2 38941 0.30103 4.590407 3 32611 0.477121 4.513364 4 31929 0.60206 4.504185 5 28645 0.69897 4.457049 slope -0.29529 n intercept 4.668997 46666 K Z 6 = Ku n = (46666)(6) -0.29529 = \$27,493 Z 10 = Ku n = (46666)(10) -0.29529 = \$23,643
3. Johnson Manufacturing has the following data from its factory, collected on a monthly basis over the past eight months. . Production (Units) Cost of Goods Sold (\$) 1184 480,000 570 354,000 681 369,000 1288 539,000 887 398,000 795 427,000 978 444,000 1089 483,000 a) Using linear regression, find the fixed cost per month and the variable cost per unit for the factory.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern