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Lambda Computer products competed for and won a contract to produce two units of a new type of computer based on optics technology. The first took Lambda 5,000 hours to produce and required $250,000 worth of material and supplies.

The second unit took 3, 500 hours and used $200,000 worth of material and supplies.

Labor is $30 per hour. Lambda was asked to present a bid for an additional 10 units as soon as the first contract was completed.

If Lambda charges a profit of 10% of cost what would the bid be?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92674342

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