Harry's Picture Manufactures Various Picture Frames

question 25

Essay

Harry's Picture manufactures various picture frames.Each new employee takes 5 hours to make the first picture frame and 4 hours to make the second.The manufacturing overhead charge per hour is $20.Required:
a.What is the learning-curve percentage, assuming the cumulative average method?
b.What is the time needed to build 8 picture frames by a new employee using the cumulative average-time method? Assume the rate of learning factor is -0.1520.
c.What is the time needed to produce the 16th frame by a new employee using the incremental unit-time method? Assume the rate of learning factor is -0.3219.

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Definitions:

Ordered Array

A list of elements arranged in ascending or descending order based on their values.

Histogram

A graphical representation of the distribution of numerical data, usually a bar graph, where the data is grouped into ranges or bins and the frequency of data points within each range is depicted.

Median

The middle value in a list of numbers, which separates the higher half from the lower half.

Skewed

A skewed distribution is one where the data points tend to cluster more on one side of the scale than the other, leading to an asymmetric curve with a long tail on one end.