A Furniture Manufacturer Has an Order for 20 Custom Wine

question 9

Essay

A furniture manufacturer has an order for 20 custom wine cabinets for a large hotel in Hawaii.It is estimated that the first cabinet will take 100 hours of shop time.An 85% learning curve is expected.The labor rate is $12.00 per hour.The pricing policy is to charge two times the labor cost for the order.
a.How many hours will the 20th wine cabinet take?
b.How many hours should the whole order take?
c.What is the price of each cabinet?

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Definitions:

Quiet Phase

The quiet phase is an initial period in fundraising, especially in capital campaigns, where funds are raised silently among key supporters and stakeholders before a public announcement.

Religious Organizations

Institutions dedicated to the practice and propagation of religious beliefs, serving as centers for worship, community, and spiritual guidance.

Environmental Charities

Nonprofit organizations dedicated to conserving the natural environment, promoting sustainability, and addressing issues related to climate change and conservation.

Fund-Raising

The process of gathering voluntary contributions of money or resources from individuals, corporations, government agencies, or others to support nonprofit organizations.