Consider a programmer required to complete four work assignments. Assume an overhead rate of $1.50 and the cost per hour for the programmer’s services to be $35/hr. The programmer’s learning rate for coding is 0.85. The steady state for the fourth iteration (n = 4) to code is 50 hr. Determine the estimate of time needed for the first coding iteration.
A. 69.16 hr
B. 97.43 hr
C. 87.34 hr
D. 78.43 hr
A. 69.16 hr
You might also like to view...
TAC Inc, produces two products – Tics and Toes, from one process. The joint processing costs of materials, labor, and overhead total $220,000, producing 20,000 units of Tics and 30,000 units of Toes. The company sells Tics for $20 per unit and Toes for $15 per unit. The amount of joint costs assigned to Tics using the relative sales value method is:
a. $146,666 b. $103,532 c. $116,471 d. $73,333
Specific performance may be available for the breach of a contract to sell
a. an original painting. b. 20 shares of WalMart stock. c. a Nintendo WII video game system. d. a 2007 Mustang in mint condition.
Beginners Run Ski Shop sells a pair of skis to Crystal. When Crystal first uses the skis, they snap in two. The cause is something that Beginners Run did not know about and could not have discovered. Beginners Runbreached
a. the merchant's implied duty of inspection. b. the implied warranty of merchantability. c. no duty or warranty because Beginners Run knew nothing about the defect that made the goods unsafe. d. no duty or warranty because consumers should reasonably expect to occasionally find a product that does not work as warranted.
A favorable labor rate variance is created when:
A. actual hours worked are less than standard hours allowed. B. actual wages paid are less than amounts that should have been paid for the number of hours worked. C. actual labor hours worked exceed standard hours allowed. D. actual units produced exceed budgeted production levels. E. actual units produced exceed standard hours allowed.