hStream TV and Movies Li I Emgt 3320 HW 3 f18.pdf Hw 3 xEmgt 3320 HW 3 f18pdf x
ID: 388077 • Letter: H
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hStream TV and Movies Li I Emgt 3320 HW 3 f18.pdf Hw 3 xEmgt 3320 HW 3 f18pdf x C Chegg Study | Guided So x file:///C:/users/Vetta/Downloads/Emgt96203320%20HW%203%20f18.pdf Cost Elements Direct labor Material Overhead costs Cost Rate S16.75 per hour $310 per 60 units | 130% of direct labor The production has a 95% learning curve applied to labor required, and the time to complete the first unit was 52 direct labor hours. Determine the unit selling price based on the estimated time to complete the 100th unit, if the company wants a profit margin of 19% based on total manufacturing costs 4. A new boss wants to estimate the costs of an offsite team-building event for her 14 employees She was able to gather the following information on a 3-day program in which she is interested in sending her team. Use the unit technique to estimate the cost per employee of this event. Assume there will 100% participation in all activities Cost Elements Cost Rate 9:21 PM O Type here to search tExplanation / Answer
Estimated time to complete the 100th unit, T100 = T1*rln(100)/ln(2)
= 52*0.95ln(100)/ln(2)
= 37 hours
Total mfg cost to produce 100th unit = Direct labor cost + Material cost + Overhead cost = 37*16.75 + 310/60 + 37*16.75*1.3
= $ 1430.6
Profit margin = 1430.6*19% = 271.8
Unit Selling price = 1430.6+271.8 = $ 1702.4
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