What would the bid be, Labor is $30 per hour. Lambda was

What would the bid be

Assignment Help Operation Management

Reference no: EM131845983

Lambda Computer products competed for and won a contract to produce two units of a new type of computer based on optics technology. The first took Lambda 5,000 hours to produce and required $250,000 worth of material and supplies.

The second unit took 3, 500 hours and used $200,000 worth of material and supplies.

Labor is $30 per hour. Lambda was asked to present a bid for an additional 10 units as soon as the first contract was completed.

If Lambda charges a profit of 10% of cost what would the bid be?

Reference no: EM131845983

Questions Cloud

What can you learn from such an experiment : Design and implement an experiment to do benchmark comparisons of the two queue implementations. What can you learn from such an experiment?

Can any of the projects that you selected be described : How much did IBM spend on research, development, and engineering in the most recent year? How did this compare with the previous year?

Modify infix-to-postfix algorithm that it can handle errors : Modify the infix-to-postfix algorithm so that it can handle errors. Modify the postfix evaluation algorithm so that it can handle errors.

Calculate marginal revenue and advertising elasticity : How do you calculate marginal revenue and advertising elasticity given these values. Q = 500 - 1,100P + 1.2A + 60Pop + 75Pc. P= $1.50, A=$1,200, Pop=50 and, Pc

What would the bid be : Labor is $30 per hour. Lambda was asked to present a bid for an additional 10 units as soon as the first contract was completed.

Detailed work in managerial economics subject : a.) Should the company continue to make the widget or purchase it from the outside supplier? How can we slove as detailed work in managerial economics subject

How often does it produce desserts under its current policy : How much does the hotel central kitchen to produce each time that would minimize the total inventory cost? What is an average inventory?

What types of problems may result : What is the result of carrying out both steps of the linked list add method in reverse order? What kind of reference results? What types of problems may result?

Compute the mean of the distribution of sample : Compute the mean of the distribution of sample means and the population mean. Compare the two values.

User Account

All Pages