Essay
Locksmith Inc.has an order from a bank for 50 specially designed safes, one for each bank branch.It is estimated that the first safe will require 75 hours of shop time and a 90% learning curve is expected.The labor rate is $15.00 per hour and the pricing policy of the company is to triple the labor cost of the order.
a.How many labor hours should the 50th unit require?
b.How many labor hours will the whole order require?
c.What is the customer's price for each safe?
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a.Labor hours for 50th safe = (7...View Answer
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