Compute what will be total bid price, Operation Management

Assignment Help:

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8 session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract it appears the effort will be substantial, running 50 hours for the first session. Your firm bills ate rate $100/hour and the overhead is expected to run a fixed $600 per session. The customer will pay you a flat rate per rate per session. If your nominal profit margin is 20 percent, what will be total bid price, the per session price, and at what session will you break even?


Related Discussions:- Compute what will be total bid price

Explain what are the optimal solution values of x and y, Suppose the firm i...

Suppose the firm in this example considers a second product that has a unit profit of $5 and requires 2 hours for each unit produced. Assume total production capacity remains 40. U

What makes atm especially well-suited to transmitting voice, What makes ATM...

What makes ATM especially well-suited to transmitting voice and video signals? a. its use of variable-sized packets b. its connectionless nature c. its use of time divisio

Productivity, how to calculate individual productivity

how to calculate individual productivity

What area of human services do you find the most interesting, There are a w...

There are a wide variety of exciting and interactive professions in the field of human services. As demonstrated in the video below and through your reading, do you think that musi

Explain importance of effective leadership communication, Define logos, eth...

Define logos, ethos, and pathos and explain which of these is most important to effective leadership communication

Scope of production and operation management , Scope of Production and Oper...

Scope of Production and Operation Management Production management mainly associated with the factory management as the problem of production crept with the development of facto

Share the data and understanding of the data, •Using the Internet, research...

•Using the Internet, research statistics using PollingReport.com. •Select a topic from either the "In the News" section or the "Issues" section. •Study the data that the Website pr

Explain reduce time in calculating customers, New software has been purchas...

New software has been purchased to reduce time in calculating customers' accounts. Establishing report and effective communication with team members is primary importance to make t

Explain when quality discounts are introduced, When quality discounts are i...

When quality discounts are introduced, will optimum order quantity be made smaller, unchanged, or larger? Illustrate by using a numerical example.

Explain training idea using any web 2.0 tools, Reading the Over 120 UCLA Ho...

Reading the Over 120 UCLA Hospital Staff Saw Celebrity Health Records article, what training could you as a manager put into place to avoid this situation? Present your training id

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd