The first unit produce the 8 unit may be estimated to be A) 8 hours. B)8.57 hour

Question

The first unit produce the 8 unit may be estimated to be A) 8 hours. B)8.57 hours C) 6.30 hours 1. in a plant took about 10 hours. If the learning curve is 95%, the time required to D) 7.6 hours Given: Total fixed cost- $420. Determine the profit that can be made for a volume of 50. 2. Variable cost/unit-$20. Revenue/unit -$30. A) $80. B) $500 C)S580 D) 420 Use the following to answer questions 3-5 PaceTech Engineering Inc. manufactures an electronic toy. The company has a building with a floor area of 180,000 square feet for both the manufacturing and warehousing operations. The company produces all of the components that go into the toy. Variable costs are estimated to be $20 per unit, and fixed costs per year are $10,875. The selling price per unit is $39 3. The breakeven quantity for the item assembled in the plant is A) 544 B)279 C)572 D) 434 .The profit made by the company, if it sold 1,000 units in a year is C) $29,875 4. A) $39,000 B) $9,875 D) $8,125 5. Determine the number of units/year required to be sold to make a profit of $25,000. A) 1,625 B)641 C)1,889 D) 1,429 6. A good understanding of engineering economics for engineers is extremely important because A) B) C) D) Engineering solutions must be economically attractive Engineering solutions must be technically sound Engineering solutions must be safe Engineering solutions must be implementable 7. A registered professional engineer (PE) has a primary obligation to protect which of the following entities? (a) The Government, (b) The PE's Company, (c) The PE's Country, (d) General Public If you borrow $1000 from the bank at 5% simple interest per month due back in 2 years, what is the size of yo monthly payment?

Explanation / Answer

Solution 1:

T8 = T1 (8)b

b = log 0.95/log 2 = -0.074

T8 = 10 (8) -0.074 = 8.57

correct answer = 8.57 hours.

Solution 2:

Profit for 50 units = 50 x 30 - (420 + 50 x 20) = $80

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