Question
In: Statistics and Probability
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
Solutions
orchestra answered 1 year agoRelated Solutions
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.
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...
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