At a certain factory, 2 out of 3 items made have to be fixed. Use a...

At a certain factory, 2 out of 3 items made have to be fixed. Use a Normal Random Variable to estimate the probability that out of a batch of 100 items, less than 57 of the items require fixing

Expert Solution

orchestra answered 2 years ago

Classify each of the following items of factory overhead as either a fixed or a variable...

Classify each of the following items of factory overhead as either a fixed or a variable cost. (Include any costs that you consider to be semi-variable within the variable category. Remember that variable costs change in total as the volume of production changes.) Janitor’s wages Rent Labor for machine repairs Vacation pay Employer’s payroll taxes Insurance on building Indirect Labor Overtime premium pay Indirect materials Machine lubricants Plant manager’s salary Factory electricity Depreciation on building (straight line method) Depreciation on...

Use the following for questions 2 and 3. A simple random sample of 30 items was...

Use the following for questions 2 and 3. A simple random sample of 30 items was selected. The sample mean was 15 and the population standard deviation is known to be 6. What is a 90% confidence interval for the population mean? Is it reasonable to conclude that the population mean could 14? Yes, because 14 is in the confidence interval Yes, because 14 is not in the confidence interval No, because 14 is in the confidence interval No, because...

E4.3 (LO 2, 3) (Income Statement Items) Presented below are certain account balances of Paczki Products...

E4.3 (LO 2, 3) (Income Statement Items) Presented below are certain account balances of Paczki Products Co. Rent revenue $ 6,500 Interest expense 12,700 Beginning retained earnings 114,400 Ending retained earnings 125,000 Dividend revenue 71,000 Sales returns and allowances 12,400 Allocation to noncontrolling interest 17,000 Sales discounts $ 7,800 Selling expenses 99,400 Sales revenue 390,000 Income tax expense 31,000 Cost of goods sold 184,400 Administrative expenses 82,500 Instructions From the foregoing, compute the following: (a) total net revenue, (b) net...

2) When the price of a certain product is $40, then 25 items can be sold....

2) When the price of a certain product is $40, then 25 items can be sold. When the price of the same product costs $20, then 185 items can be sold. On the other hand, when the price of this product is $40, then 200 items will be produced. But when the price of this product is $20, only 100 items will be produced. a) Find the supply and demand functions for this product (assume for simplicity that the functions...

2. At a hydrocarbon processing factory, process control involves periodic analysis of samples for a certain...

2. At a hydrocarbon processing factory, process control involves periodic analysis of samples for a certain process quality parameter. The analytic procedure currently used is costly and time consuming. A faster and more economical alternative procedure has been proposed. However, the numbers for the quality parameter given by the alternative procedure are somewhat different from those given by the current procedure, not because of any inherent errors but because of changes in the nature of the chemical analysis. Management believes...

Container 1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2...

Container 1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2 of which are defective. If one item is drawn from each container, what is the probability that only one of the items is defective?

Refer to Questions 2 and 3. The land for the factory will cost $610,000 . The...

Refer to Questions 2 and 3. The land for the factory will cost $610,000 . The factory will cost $8,960,000 to build and construction will take two years with construction costs payable in equal installments at the start of each year. The factory will operate for 20 years. At the end of its 20 year lifespan, the land can be resold for $230,000 . There is a 70% probability that the factory's net operating cash flows will be $1,086,599 ;...

Refer to Questions 2 and 3. The land for the factory will cost $640,000 . The...

Refer to Questions 2 and 3. The land for the factory will cost $640,000 . The factory will cost $8,440,000 to build and construction will take two years with construction costs payable in equal installments at the start of each year. The factory will operate for 20 years. At the end of its 20 year lifespan, the land can be resold for $260,000 . There is a 70% probability that the factory's net operating cash flows will be $1,169,836 ;...

company is producing 2 items A and B joint]y in fixed proportions of 1 :1 ....

company is producing 2 items A and B joint]y in fixed proportions of 1 :1 . The following indicate their market demand functions: QA : 700 - 1 00 PA and QB : 500 - 200 P B. The MC of the joint operations is constant at Rs- 2 per unit What quantities of A and B will company produce for optimum profits? (b) Will the company need to store in inventory at least one of the items or both...

Should the SEC have the authority to highlight or bring special attention to certain disclosures made...

Should the SEC have the authority to highlight or bring special attention to certain disclosures made by SEC registrants? Why or why not?

Question