Locksmith Inc

question 48

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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Definitions:

Vulnerable Position

A vulnerable position refers to a state or condition in which an individual or group is open to harm, attack, or damage, either physically or emotionally.

Racial Identities

The aspect of an individual's identity that relates to their race or racial background and how they perceive themselves within that context.

White Therapists

Therapists who are identified as belonging to the white racial group, with a focus on how this identity may impact therapeutic practice.

White Racial

Pertains to ideologies, practices, or beliefs that privilege individuals identified as white, often in the context of discussing racial dynamics and inequalities.