A Company Manufactures Tractors and Lawnmowers

question 57

Essay

A company manufactures tractors and lawnmowers.They have received an order for six deluxe custom riding lawnmowers for a local golf course.They must develop a cost estimate for the order.It is estimated that the first lawnmower will take 90 hours of shop time and a 75% learning curve is expected.The labor rate is $18.00 per hour and the pricing policy of the company is to charge 2.5 times the cost of labor for the order.
a.How many hours should the sixth lawnmower take?
b.How many labor hours should the whole order take?
c.What is the customer's price for the whole order?
d.What is the price per lawnmower?
e.If the original time estimate for the first lawnmower is too low and it actually takes 80 hours for the third lawnmower, what is the labor hour estimate for the first unit?
f.If it actually really takes 80 hours for the third lawnmower, what is the new total labor cost for the entire order?

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Definitions:

Medical Students

Individuals enrolled in a medical education program to become licensed medical practitioners, such as doctors or surgeons.

Practice Protocols

Established guidelines or standardized procedures followed by healthcare professionals to ensure consistent and effective patient care.

Evidence-Based Medicine

A medical practice approach that emphasizes the use of current best evidence in making decisions about the care of individual patients.

Medical Paternalism

The practice in healthcare where medical professionals make decisions for patients on the basis of what they believe is in the patient's best interest, sometimes overriding the patients' own wishes.