i need to score 90% SVC is a car manufacturer. SVC is planning the development of a prototype hydrogen powered car, the Model Q.

Can a tutor help plizzzzz…i need to score 90%

SVC is a car manufacturer. SVC is planning the development of a prototype hydrogen powered car, the Model Q. The prototype Model Q car will have a limited production run of 250 cars. To ensure that the Model Q is ready by SVC’s stated deadline, production will take place over the course of one month. Details for the development and production of the prototype Model Q are shown below.

Note: a prototype is defined as a preliminary version of a vehicle from which other forms may be developed.

Forecast development cost $6,500,000

Forecast design cost $1,300,000

Material cost $25,500 per car

Forecast manufacturing costs

Variable production overhead cost $780 per car (this is not related to labour hours)

Direct labour $60 per hour (see note 2 below)

SVC plans to hire a team of 12 specialist production staff. The specialist production staff will be paid a premium on their basic hourly rate of pay dependent on the total number of labour hours required to produce all 250 prototype Model Q cars as follows:

Total labour hours Premium on basic hourly labour rate0 – 2,000 35%2,001 – 2,500 30%2,501 – 3,000 25%3,001 – 3,500 20%More than 3,500 0%The premium on the basic hourly labour rate will be applicable to all labour hours during production.It is estimated that the manufacture of the first car will take 13 labour hours. There is expected to be a 95% learning curve that will continue until 128 cars have been produced. Thereafter, each car will take the same time to produce as the 128th.Learning curveNotes:1. The learning index for a 95% learning curve = -0.0742. The hourly direct labour rate stated above under ‘Forecast manufacturing cost’ is inclusive of a premium on the basic hourly labour rate, which has been calculated assuming that each of the 250 cars takes the same time to produce as the first.

Required:(a) Calculate the total labour cost of producing 250 cars.(6 marks)(b) Discuss life cycle costing, using the information given about the Model Q car to illustrate your discussion.(4 marks)(Total for Question Two = 10 marks







Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10