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Atkinson Research Association (ARA) had received a contract to produce six units of new robotic machine.
and cost $129800 in materials and equipment usage, second took 864 hours and cost $123310 in material and equipment usage, fourth unit took 691.20 hours and cost $104813.50 in material and equipment usage, while sixth unit took 631 hours and cost $98856 in material and equipment usage. Labor cost charged at $76 per hour. They delivered the order of six units on time. After the delivery of first order of six units contractor gave them another contract to produce twelve units. ARA continues the learning process and delivered second order of twelve units on time. The prime contractor has now approached ARA with their third order and asked to submit a bid of producing another twenty two robotic machines. (for simplicity assumes that same learning process continues). 1). What will be the bid amount to build these additional twenty two units if ARA policy is 20% G & A of the cost and 15% of cost as profit? 2) How much time required by ARA to produce 17th unit of the third order of this robotic machines?
