Medco, Inc. manufactures microsurgical instruments used in products such as minimally invasive surgical procedures.
Medco, Inc. manufactures microsurgical instruments used in products such
as minimally invasive surgical procedures. The primary customers for
these products are hospitals. Hospitals require that the learning curves
be employed in the bid process for awarding contracts. Medco is
planning to bid on a 350-unit contract offered by Ohio State Medical
Center. Medco estimates that the first unit will require 126 hours of
direct labor to produce. The industry learning curve for this particular
type of product is 78 percent. Determine the average number of labor
hours required to produce the first 100 units. How many hours are
required to produce 350 units?
Comments
Post a Comment