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 integrated forecasting and inventory control system, Herman Hahn is...

Herman Hahn is attempting to set up an integrated forecasting and inventory control system for his hardware store, Hahn's Hardware. When Herman indicates that outdoor lights are a

Management , Management Management can be elucidated as an art or scie...

Management Management can be elucidated as an art or science, (however, it is  combination of  art and science) of getting things completed by the people, by planning coordina

Explain maturity of a bond, What is the yield to maturity of a bond that pa...

What is the yield to maturity of a bond that pays an 3% coupon rate, matures in 15 years, and is currently selling for $850? a.) 8.75% b.) 4.37% c.) 4.39% d.) 17.50%

Explain separately compiled modules of a program, A system program that com...

A system program that combines the separately compiled modules of a program into a form suitable for execution A. assembler B. linking loader C. cross compiler D. load

Define hr technology impact the human side of human resource, Technology ha...

Technology has changed the role and some functions of HR. Have these changes resulted in HR losing sight of its role towards employee relations and support? While companies are see

Basic ethical principles among business courtesy and a bribe, In applying b...

In applying basic ethical principles where should you draw the line between a legitimate business courtesy and a bribe? ?PS: Can flow the book of Ethics and the conduct of business

What additional steps must the quality assurance team take, A quality analy...

A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that the process standard deviation is two ounces. Each

Proposed solutions to combat conflicts of interest, Three major solutions h...

Three major solutions have been proposed to combat the medical industry conflicts of interest detailed above in this paper. The first solution is embodied in the Physician Payments

Disadvantages of enterprise resource planning, Disadvantages of ERP Systems...

Disadvantages of ERP Systems 1. Expense and Time in Implementation: Getting the full benefits of WRP takes time and money: Although ERP offers many strategic advantages by streaml

Describe what these two service level mean, A cigar company stocks Cuban ci...

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks a

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