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Question - You need to develop a labor time estimate for a customer order of 50 network installations. It is estimated that the first installation will require 75 labor hours, and a learning curve of 85 percent is expected.
a. How many labor-hours are required for the 25th installation?
b. How many labor-hours are required to complete all 50 installations?
c. If the average labor cost is $28 per hour, what is the total labor cost for installing all the networks?
d. How many workers are needed to complete the job in a week? Assuming each worker works 8 hours per day 5 days per week.
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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