Find the time required for the very first unit

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Reference no: EM133132263

Problem 1.

a) i) Determine the breakeven volume from the data below. Total fixed cost = $450, Variable cost/unit = $25, Revenue/unit = $35. ii) For the data in (i), determine the profit that can be made for a volume of 50.

b) In a complex assembly operation, it is found the learning curve rate is 70%. The standard time of 6 minutes per assembly is reached after the 60th unit. Find the time required for the very first unit.

Reference no: EM133132263

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