[solved]-Problem 2 Johnson Industries Received Contract Develop Produce Four High Intensity Long Di Q39687686

prodblem #3Problem 2) Johnson Industries received a contract to develop and produce four high- intensity long-distance receiver/transmitters for cellular telephones. The first took 3,000 labor hours and S39,000 worth of purchased and manufactured parts; the second 2,250 labor hours and $37,050 in parts; the third took 2,175 labor hours and $31,500 in parts: and the fourth took 1,915 labor hours and $31,450 in parts. Johnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, what should Johnson estimate time and parts costs to be for the dozen units? Problem 3) A potentially large customer offered to subcontract assembly work that is rofitable only if you can perform the operations at an average time of less than 35 hours ach. The contract is for 500 units. You run a test and do the first one in 150 hours and e second one in 120 hours. a) Calculate the learning rate. b) Assume that the learning rate for similar products in the same industry is well known and it is very similar to the learning rate you estimated. How long would you expect the 10° assembly operation to take? c) Would you take the contract? Justify your answer with analysis and computations; that is, will the average of these 500 units be less than 35 hours? Show transcribed image text Problem 2) Johnson Industries received a contract to develop and produce four high- intensity long-distance receiver/transmitters for cellular telephones. The first took 3,000 labor hours and S39,000 worth of purchased and manufactured parts; the second 2,250 labor hours and $37,050 in parts; the third took 2,175 labor hours and $31,500 in parts: and the fourth took 1,915 labor hours and $31,450 in parts. Johnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, what should Johnson estimate time and parts costs to be for the dozen units? Problem 3) A potentially large customer offered to subcontract assembly work that is rofitable only if you can perform the operations at an average time of less than 35 hours ach. The contract is for 500 units. You run a test and do the first one in 150 hours and e second one in 120 hours. a) Calculate the learning rate. b) Assume that the learning rate for similar products in the same industry is well known and it is very similar to the learning rate you estimated. How long would you expect the 10° assembly operation to take? c) Would you take the contract? Justify your answer with analysis and computations; that is, will the average of these 500 units be less than 35 hours?

Expert Answer

---

Answer to Problem 2) Johnson Industries received a contract to develop and produce four high- intensity long-distance receiver/tra… . . .