The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it...

The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 50 hours and a standard deviation of 3 hours to erect the Red Barn model. Assume the assembly times follow the normal distribution. Refer to the table in Appendix B.1.

a-1. Determine the z-values for 44 and 53 hours. (Negative answers should be indicated by a minus sign. Round the final answers to 1 decimal place.)

44 hours corresponds to z =

53 hours corresponds to z =

a-2. What percentage of the garages take between 50 hours and 53 hours to erect? (Round the final answer to 2 decimal places.)

Percentage %

b. What percentage of the garages take between 44 hours and 53 hours to erect? (Round the final answer to 2 decimal places.)

Percentage %

c. What percentage of the garages take 43.1 hours or less to erect? (Round the final answer to 2 decimal places.)

Percentage %

d. Of the garages, 3% take how many hours or more to erect? (Round the final answer to 1 decimal place.)

Hours

Expert Solution

orchestra answered 1 year ago

The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it...

The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 33 hours and a standard deviation of 5 hours to erect the Red Barn model. Assume the assembly times follow the normal distribution. Refer to the table in Appendix B.1. a-1. Determine the z-values for 30 and 37 hours. (Negative answers should be indicated by a minus sign. Round the final answers to 1 decimal place.) 30...

Exercise 6-50 The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports...

Exercise 6-50 The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 30 hours and a standard deviation of 5 hours to erect the Red Barn model. Assume the assembly times follow the normal distribution. Refer to the table in Appendix B.1. a-1. Determine the z-values for 26 and 35 hours. (Negative answers should be indicated by a minus sign. Round the final answers to 1 decimal...

Q4. Discuss the various reports provided by cost accounting department.

The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...

The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...

The accounting department of a large corporation checks the addition of expense reports submitted by executives...

The accounting department of a large corporation checks the addition of expense reports submitted by executives before paying them. historically, they have found that 15% of the reports contain additional errors. an auditor randomly selects 80 expense reports and audits them for additional errors. find the probability that between 5 and 15 (inclusive) of the sampled expense reports will have addition errors.

Q5 The Assembly Department uses a weighted-average process cost accounting system. The department adds materials at...

Q5 The Assembly Department uses a weighted-average process cost accounting system. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $135,500 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. Other data for the month of July are as follows: Beginning work in...

The head of the accounting department at a major software manufacturer has asked you to put...

The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain a single entity forever. The manager is concerned that, despite the fact that the firm’s competitors are comparatively small, collectively their annual revenue growth has exceeded 50 percent over each of the last five years. She has requested that the...

The head of the accounting department at a major software manufacturer has asked you to put...

The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain a single entity forever. The manager is concerned that, despite the fact that the firm’s competitors are comparatively small, collectively their annual revenue growth has exceeded 50 percent over each of the last five years. She has requested that the...

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the...

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of producing the 9,900 units of the part that are needed every year. Per Unit Direct materials $ 6.30 Direct labor $ 3.50 Variable overhead $ 6.90 Supervisor's salary $ 2.60 Depreciation of special equipment $ 2.20 Allocated general overhead $ 1.20 Total $ 22.70 An outside supplier has offered to make the part and sell it to the company for $22.00...

Masse Corporation uses part G18 in one of its products. The company's Accounting Department reports the...

Masse Corporation uses part G18 in one of its products. The company's Accounting Department reports the following costs of producing the 14,800 units of the part that are needed every year. Per Unit Direct materials $1.70 Direct labor $2.70 Variable overhead $5.50 Supervisor's salary $6.00 Depreciation of special equipment $7.10 Allocated general overhead $4.20 An outside supplier has offered to make the part and sell it to the company for $21.00 each. If this offer is accepted, the supervisor's salary...

Question

The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it...

Solutions

Expert Solution

Related Solutions

The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it...

Exercise 6-50 The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports...

Q4. Discuss the various reports provided by cost accounting department.

The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...

The accounting department of a large corporation checks the addition of expense reports submitted by executives...

Q5 The Assembly Department uses a weighted-average process cost accounting system. The department adds materials at...

The head of the accounting department at a major software manufacturer has asked you to put...

The head of the accounting department at a major software manufacturer has asked you to put...

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the...

Masse Corporation uses part G18 in one of its products. The company's Accounting Department reports the...