Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 84 per hour Annual labor hours 6,380 hours Annual materials purchases $ 1,222,000 Materials purchasing, handling, and storage $ 244,400 Overhead for depreciation, taxes, insurance, etc. $ 689,040 Target profit margin for both labor and materials 25 % What is the total price for a project requiring 190 direct labor hours and $180,000 of materials

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.