A company makes two products in a single plant. It runs this plant for 100 hours each week. Each unit of product A that the company produces consumes two hours of plant capacity, earns the company a contribution of $1000, and causes, as undesirable side effects, the emission of 4 ounces of particulates. Each unit of product B that the company produces consumes one hour of capacity earns the company a contribution of $2000, and causes, as undesirable side effects, the emission of 3 ounces of particulates and 1 ounce of chemicals. The EPA (Environmental Protection Agency) requires the company to limit the particulate emission to at most 240 ounces per week and chemical emission to at most 60 ounces per week.
The EPA wants to reduce the release of chemicals into the atmosphere by imposing a fine of $1000 per ounce. Would the government's fine be effective at curbing the release of chemicals?
True or False
In: Accounting
For the following sequence of sample nominal data (with two categories), conduct a runs test for randomness, using α = 0.05.
Y N Y N N Y N Y Y Y N Y N Y N Y Y Y N Y N Y N N Y Y Y Y N Y N Y N Y Y
Identify the value of the TEST STATISTIC used in this runs test.
In: Statistics and Probability
(28) “Milk runs” and “Cross-docks” are two terms that are used with respect to distribution of goods in supply chains. Explain what these terms mean. Also, clearly show how each one of them provides benefits to a supply chain.
(29) What do you understand by the term “Dispersed Manufacturing”? Explain one (1) benefit it provides for supply chains and one (1) challenge with its implementation.
(30) Strategic factors and Macroeconomic factors can impact a company’s decision to locate its operations in a country or in a region of the world. Using suitable examples, clearly explain how these factors are at play in companies’ decision-making processes?
In: Operations Management
[The following information applies to the questions
displayed below.]
Sara’s Salsa Company produces its condiments in two types: Extra
Fine for restaurant customers and Family Style for home use. Salsa
is prepared in department 1 and packaged in department 2. The
activities, overhead costs, and drivers associated with these two
manufacturing processes and the company’s production support
activities follow.
| Process | Activity | Overhead cost | Driver | Quantity | ||
| Department 1 | Mixing | $ | 4,700 | Machine hours | 1,100 | |
| Cooking | 10,700 | Machine hours | 1,100 | |||
| Product testing | 112,700 | Batches | 700 | |||
| $ | 128,100 | |||||
| Department 2 | Machine calibration | $ | 260,000 | Production runs | 500 | |
| Labeling | 11,000 | Cases of output | 155,000 | |||
| Defects | 4,500 | Cases of output | 155,000 | |||
| $ | 275,500 | |||||
| Support | Recipe formulation | $ | 92,000 | Focus groups | 40 | |
| Heat, lights, and water | 22,000 | Machine hours | 1,100 | |||
| Materials handling | 67,000 | Container types | 10 | |||
| $ | 181,000 | |||||
Additional production information about its two product lines
follows.
| Extra Fine | Family Style | |||
| Units produced | 22,000 | cases | 133,000 | cases |
| Batches | 220 | batches | 480 | batches |
| Machine hours | 350 | MH | 750 | MH |
| Focus groups | 25 | groups | 15 | groups |
| Container types | 6 | containers | 4 | containers |
| Production runs | 220 | runs | 280 | runs |
Required:
1. Using a plantwide overhead rate based on cases,
compute the overhead cost that is assigned to each case of Extra
Fine Salsa and each case of Family Style Salsa.
2. Using the plantwide overhead rate, determine
the total cost per case for the two products if the direct
materials and direct labor cost is $5 per case of Extra Fine and $4
per case of Family Style.
3.a. If the market price of Extra Fine Salsa is
$16 per case and the market price of Family Style Salsa is $7 per
case, determine the gross profit per case for each product.
3.b. What might management conclude about the
Family Style Salsa product line?
4. Using ABC, compute the total cost per case for each product type if the direct labor and direct materials cost is $5 per case of Extra Fine and $4 per case of Family Style. (Round your intermediate calculations to 2 decimal places. Round "Activity Rate" and "Overhead cost per unit" answers to 2 decimal places.)
5. If the market price is $16 per case of Extra
Fine and $7 per case of Family Style, determine the gross profit
per case for each product. (Round your intermediate
calculations and final answers to 2 decimal
places.)
In: Accounting
How did Glass Steagall actually caused bank runs nearly 50 years later and why did it happen?
In: Finance
Given the matrix as shown below
n_array =
3 1 8
3 5 7
4 9 2
Write a M-file script program that generates this n_array, and answer each question using one line of MATLAB statement.
a) Replace the second column of the n_array with a column of 0s
b) Replace the element in the second-row, third-column with a zero
c) Change the n_array to a 4 x 3 array by adding a row of 0s
The end result for the n_array will be
n_array =
3 0 8
3 0 0
4 0 2
0 0 0
In: Computer Science
A new industrial oven has just been installed at Piatt Bakery. To develop experience regarding the oven temperature, an inspector reads the temperature at four different places inside the oven each half hour starting at 8:00 a.m. The last reading was at 10:30 a.m., for a total of six samples. The first reading, taken at 8:00 a.m., was 337 degrees Fahrenheit. (Only the last two digits are given in the following table to make the computations easier.)
| Reading | |||||||||||||
| Time | 1 | 2 | 3 | 4 | |||||||||
| 8:00 a.m. | 37 | 43 | 44 | 40 | |||||||||
| 8:30 a.m. | 45 | 42 | 43 | 40 | |||||||||
| 9:00 a.m. | 43 | 49 | 40 | 44 | |||||||||
| 9:30 a.m. | 45 | 43 | 47 | 41 | |||||||||
| 10:00 a.m. | 35 | 48 | 49 | 63 | |||||||||
| 10:30 a.m. | 45 | 42 | 46 | 49 | |||||||||
1. On the basis of this initial experience, determine the control limits for the range. (Round your intermediate calculations and final answers to 2 decimal places.)
| LCL | |
| UCL |
2. For each time period, is the temperature out of control?
| 8:00 A.M. | |
| 8:30 A.M. | |
| 9:00 A.M. | |
| 9:30 A.M. | |
| 10:00 A.M. | |
| 10:30 A.M. |
Thank you!!
In: Statistics and Probability
Two baseball teams play a best-of-seven series, in which the series ends as soon as one team wins four games. The first two games are to be played on A’s field, the next three games on B’s field, and the last two on A’s field. The probability that A wins a game is 0:7 at home and 0:5 away. Assume that the results of the games are independent. Find the probability that:
(a) A wins the series in 4 games; in 5 games;
(b) the series does not go to 6 games.
In: Statistics and Probability
A study of reading comprehension in children compared three methods of instruction. The three methods of instruction are called Basal, DRTA, and Strategies. As is common in such studies, several pretest variables were measured before any instruction was given. One purpose of the pretest was to see if the three groups of children were similar in their comprehension skills. The READINGdata set described in the Data Appendix gives two pretest measures that were used in this study. Use one-way ANOVA to analyze these data and write a summary of your results.
data:
subject group pre1 pre2 post1 post2 post3 1 B 4 3 5 4 41 2 B 6 5 9 5 41 3 B 9 4 5 3 43 4 B 12 6 8 5 46 5 B 16 5 10 9 46 6 B 15 13 9 8 45 7 B 14 8 12 5 45 8 B 12 7 5 5 32 9 B 12 3 8 7 33 10 B 8 8 7 7 39 11 B 13 7 12 4 42 12 B 9 2 4 4 45 13 B 12 5 4 6 39 14 B 12 2 8 8 44 15 B 12 2 6 4 36 16 B 10 10 9 10 49 17 B 8 5 3 3 40 18 B 12 5 5 5 35 19 B 11 3 4 5 36 20 B 8 4 2 3 40 21 B 7 3 5 4 54 22 B 9 6 7 8 32 23 D 7 2 7 6 31 24 D 7 6 5 6 40 25 D 12 4 13 3 48 26 D 10 1 5 7 30 27 D 16 8 14 7 42 28 D 15 7 14 6 48 29 D 9 6 10 9 49 30 D 8 7 13 5 53 31 D 13 7 12 7 48 32 D 12 8 11 6 43 33 D 7 6 8 5 55 34 D 6 2 7 0 55 35 D 8 4 10 6 57 36 D 9 6 8 6 53 37 D 9 4 8 7 37 38 D 8 4 10 11 50 39 D 9 5 12 6 54 40 D 13 6 10 6 41 41 D 10 2 11 6 49 42 D 8 6 7 8 47 43 D 8 5 8 8 49 44 D 10 6 12 6 49 45 S 11 7 11 12 53 46 S 7 6 4 8 47 47 S 4 6 4 10 41 48 S 7 2 4 4 49 49 S 7 6 3 9 43 50 S 6 5 8 5 45 51 S 11 5 12 8 50 52 S 14 6 14 12 48 53 S 13 6 12 11 49 54 S 9 5 7 11 42 55 S 12 3 5 10 38 56 S 13 9 9 9 42 57 S 4 6 1 10 34 58 S 13 8 13 1 48 59 S 6 4 7 9 51 60 S 12 3 5 13 33 61 S 6 6 7 9 44 62 S 11 4 11 7 48 63 S 14 4 15 7 49 64 S 8 2 9 5 33 65 S 5 3 6 8 45 66 S 8 3 4 6 42
In: Statistics and Probability
A study of reading comprehension in children compared three methods of instruction. The three methods of instruction are called Basal, DRTA, and Strategies. As is common in such studies, several pretest variables were measured before any instruction was given. One purpose of the pretest was to see if the three groups of children were similar in their comprehension skills. The READING data set described in the Data Appendix gives two pretest measures that were used in this study. Use one-way ANOVA to analyze these data and write a summary of your results.
Reading Data:
subject group pre1 pre2 post1 post2 post3 1 B 4 3 5 4 41 2 B 6 5 9 5 41 3 B 9 4 5 3 43 4 B 12 6 8 5 46 5 B 16 5 10 9 46 6 B 15 13 9 8 45 7 B 14 8 12 5 45 8 B 12 7 5 5 32 9 B 12 3 8 7 33 10 B 8 8 7 7 39 11 B 13 7 12 4 42 12 B 9 2 4 4 45 13 B 12 5 4 6 39 14 B 12 2 8 8 44 15 B 12 2 6 4 36 16 B 10 10 9 10 49 17 B 8 5 3 3 40 18 B 12 5 5 5 35 19 B 11 3 4 5 36 20 B 8 4 2 3 40 21 B 7 3 5 4 54 22 B 9 6 7 8 32 23 D 7 2 7 6 31 24 D 7 6 5 6 40 25 D 12 4 13 3 48 26 D 10 1 5 7 30 27 D 16 8 14 7 42 28 D 15 7 14 6 48 29 D 9 6 10 9 49 30 D 8 7 13 5 53 31 D 13 7 12 7 48 32 D 12 8 11 6 43 33 D 7 6 8 5 55 34 D 6 2 7 0 55 35 D 8 4 10 6 57 36 D 9 6 8 6 53 37 D 9 4 8 7 37 38 D 8 4 10 11 50 39 D 9 5 12 6 54 40 D 13 6 10 6 41 41 D 10 2 11 6 49 42 D 8 6 7 8 47 43 D 8 5 8 8 49 44 D 10 6 12 6 49 45 S 11 7 11 12 53 46 S 7 6 4 8 47 47 S 4 6 4 10 41 48 S 7 2 4 4 49 49 S 7 6 3 9 43 50 S 6 5 8 5 45 51 S 11 5 12 8 50 52 S 14 6 14 12 48 53 S 13 6 12 11 49 54 S 9 5 7 11 42 55 S 12 3 5 10 38 56 S 13 9 9 9 42 57 S 4 6 1 10 34 58 S 13 8 13 1 48 59 S 6 4 7 9 51 60 S 12 3 5 13 33 61 S 6 6 7 9 44 62 S 11 4 11 7 48 63 S 14 4 15 7 49 64 S 8 2 9 5 33 65 S 5 3 6 8 45 66 S 8 3 4 6 42
In: Statistics and Probability