Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. v. the mad hatter is a vancouver manufacturer of h

v. The Mad Hatter is a Vancouver manufacturer of hats. In March the company received...

80.2K

Verified Solution

Question

Accounting

v. The Mad Hatter is a Vancouver manufacturer of hats. In March the company received an order to produce 800 specialty hats to be worn during the opening ceremonies of the winter Olympics. The Mad Hatter estimates that 100 of these hats can be produced in a total of 25 direct labour hours. Costs associated with this order are, direct materials at $12 per hat, direct labour at $25 per hour, variable manufacturing overhead at $5 per direct labour hour, and fixed manufacturing overhead of $8,000. The company expects an 80% learning curve. The Index of Learning =-.3219
Required:
Without the learning curve, how many direct labour hours will it take to manufacture the hats?
Using the cumulative average time learning model, how many direct labour hours will it take to manufacture the hats?
Using the incremental unit time learning model, how many direct labour hours will it take to manufacture the hats?
If The Mad Hatter plans to set the selling price for the new hat at 200% of production costs, what would be the selling price per hat under both learning curve models?
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

I ve the equation f x g x using the graph given 10 6 12...

Geometry
Q

The reputation and the unique of Kerry Logistics Network Limited why the company has been successfully...

General Management
Q

Evidence for chemical evolution is provided by which three examples A Prokaryotes and eukaryotic organelles...

Biology
Q

A single card is randomly drawn from a deck of 52 cards Match each of...

Statistics
Q

What is the length of x in the following triangle 4 8 x 7 x...

Algebra
Q

Which are intercepts either x or y of the function f x Select all that...

Algebra
Q

h Cracklin Solutions designs Web pages for clients in the education sector. The...

Accounting
Q

discuss the social brian and its powers and eliminating swlf doubt? ...

Accounting
Q

Colorado BBQ makes a unique barbecue sauce that involves slow roasting very spicy chili peppers...

Accounting
Q

using(Assafa annual report 2022) calculate: 1- Coverage Analysis 2-Liquidity Ratios 3-Solvency Ratios 4-Bankruptcy Prediction Indicators

Accounting
Q

Graciela, quien es soltera, report deducciones detalladas de $6,450 en su declaracin de impuestos de...

Accounting
Q

The Supplies asset account began the year with a balance of $190. During the year,...

Accounting