A construction firm wants to estimate the direct labor of a worker who will perform multiple iterations of tasks. The worker must do a total of 20 of these activities to reach steady state. The time estimated to perform the 20th iteration is 2 hours, and the learning rate for this repetitive activity is 70%. The cost of labor is $40/hr. Estimate the time necessary to complete the first activity.
a. 9.34 hours
b. 8.43 hours
c. 5.34 hours
d. 10.31 hours
a. 9.34 hours
You might also like to view...
Estimating and recording product warranty expense in the period of the sale best follows which of the following accounting concepts?
A) Cost concept B) Business entity concept C) Matching Concept D) Materiality concept
A ________ is an authority granted by the owner of an intellectual property to another allowing the latter the right to use it in some limited way
A. trademark B. copyright C. license D. patent
The implied warranty of habitability does not apply to substantial physical defects that a landlord has had a reasonable time to repair.
Answer the following statement true (T) or false (F)
How did Uber conflict with Carnegie Mellon University's National Robotics Engineering Center (NREC)?
A. Uber promised a large donation to NREC but then reneged on the offer when NREC would not provide Uber with researchers. B. Uber allegedly stole ideas from the NREC research team and then claimed that these ideas were generated by their own researchers. C. Uber poached entire NREC research teams with signing bonuses, twice the salaries, and stock options, thereby threatening the future of NREC. D. Uber bribed NREC officials to give permission for building an extension to the NREC facility that focuses solely on Uber research.