Questions
Samuel Thomas is a cost accountant and business analyst for Dashing Design Company? (DDC), which manufactures...

Samuel Thomas is a cost accountant and business analyst for Dashing Design Company? (DDC), which manufactures expensive brass doorknobs. DDC uses two direct cost? categories: direct materials and direct manufacturing labor. Thomas feels that manufacturing overhead is most closely related to material usage.? Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used.

At the beginning of 2014?, DC budgeted annual production of 450,000 doorknobs and adopted the following standards for each? doorknob:

Input

Cost/Doorknob

Direct materials (brass)

0.3 lbs. @ $11/lb.

$3.30

Direct manufacturing labor

1.2 hours @ $18/hour

21.60

Manufacturing overhead:

Variable

$5/lb x 0.3 lb.

1.50

Fixed

$14/lb. x 0.3 lb.

4.20

Standard cost per doorknob

$30.60

Actual results for April 2014 were as? follows:

Production

29,000 doorknobs

Direct materials purchased

12,300 lbs. at $12/lb.

Direct materials used

8,500 lbs.

Direct manufacturing labor

29,300 hours for $615,300

Variable manufacturing overhead

$64,700

Fixed manufacturing overhead

$160,000

Requirements:

a. Direct materials price variance? (based on? purchases)

b. Direct materials efficiency variance

c. Direct manufacturing labor price variance

d. Direct manufacturing labor efficiency variance

e. Variable manufacturing overhead spending variance

f. Variable manufacturing overhead efficiency variance

g. ?Production-volume variance

h. Fixed manufacturing overhead spending variance

In: Accounting

A marketing manager for Country Kitchen Corporation (CKC), which sells snack food product "Nature -Bar" in...

A marketing manager for Country Kitchen Corporation (CKC), which sells snack food product "Nature -Bar" in dif- ferent regions, was interested in how its sales (denoted Sales) are influenced by the sales of its main competitor (denoted Csales.) She gathered last year data on Sales and Csales for a 15 randomly selected sales regions and ob- tained the regression model of Sales on Csales. Both Sales and Csales are measured in millions of dollars. To answer questions below use your own Minitab output.

The data are in Excel file Nature-Bar.

a) Is the regression of Sales on Csales statistically significant at a= 0.02? (State the hypothesis test, rejection rule and your conclusion)

Region

Sales

Advertising

Promotions

Csales

Selkirk

101.8

1.3

0.2

20.4

Csales=main competitor's sales

Susquehanna

44.4

0.7

0.2

30.5

Sales=sales of company's Nature -Bar

Kittery

108.3

1.4

0.3

24.6

Acton

85.1

0.5

0.4

19.6

Finger Lakes

77.1

0.5

0.6

25.5

Berkshires

158.7

1.9

0.4

21.7

Central

180.4

1.2

1

6.8

all variables are in millions of dollars

Providence

64.2

0.4

0.4

12.6

Nashua

74.6

0.6

0.5

31.3

Dunster

143.4

1.3

0.6

18.6

Endicott

120.6

1.6

0.8

19.9

Five-Towns

69.7

1

0.3

25.6

Waldeboro

67.8

0.8

0.2

27.4

Jackson

106.7

0.6

0.5

24.3

Stowe

119.6

1.1

0.3

13.7

In: Statistics and Probability

Plant Sample size Sample mean Sample sd A 50 50.3 0.2 B 50 50.7 0.3 (a)...

Plant Sample size Sample mean Sample sd
A 50 50.3 0.2
B 50 50.7 0.3


(a) (7 points) Is there evidence, at 5% significance level, to show that the mean diameter of these two plants are different? Write down the hypotheses, test statistic, P-value and your conclusion.

In: Statistics and Probability

[4] Approximate the following binomial probabilities by the use of normal approximation (n = 50, p...

[4] Approximate the following binomial probabilities by the use of normal approximation (n = 50, p = 0.3). Remember to use a continuity correction. P(x = 18) P(x ≥ 15) P(x ≤ 12) P(12 ≤ x ≤ 18)

I don't understand this question as well too?

In: Statistics and Probability

If a continuous random process has a probability density function f(x) = a + bx, for...

If a continuous random process has a probability density function f(x) = a + bx, for 0 < x < 5, where a and b are constants, and P(X > 3) = 0.3 Determine:

  1. The values of a and b.
  2. The cumulative distribution function F(x)
  3. P(X < 2)
  4. P(2 < X < 4)

In: Statistics and Probability

In a system of three particles, each particle has three quantum states. The energies of these...

In a system of three particles, each particle has three quantum states. The energies of these situations are 0.3? and 5?, respectively. Write the partition functions of the particles that meet the following conditions.
a) If the particles are distinguishable
b) Particles comply with Bose-Enistein statistics
c) If the particles match Fermi-Dirac statistics

In: Physics

The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that...

The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.3. What is the probability that more than 3 of the entry forms will include an order? Round your answer to four decimal places.

In: Statistics and Probability

If a continuous random process has a probability density function f(x) = a + bx, for...

If a continuous random process has a probability density function f(x) = a + bx, for 0 < x < 5, where a and b are constants, and P(X > 3) = 0.3 Determine:

  1. The values of a and b.
  2. The cumulative distribution function F(x)
  3. P(X < 2)
  4. P(2 < X < 4)

In: Statistics and Probability

Joe can choose to take the freeway or not for going to work. There is a...

Joe can choose to take the freeway or not for going to work.

There is a 0.4 chance for him to take the freeway. If he chooses freeway, Joe is late to work with probability 0.3; if he avoids the freeway, he is late

with probability 0.1

Given that Joe was early, what is the probability that he took freeway?

In: Math

Use exponential smoothing with trend adjustment. Consider T1 = 2, F1 = 12, α alpha =...

Use exponential smoothing with trend adjustment. Consider T1 = 2, F1 = 12, α alpha = 0.2 , delta = 0.3

PART (A) What is your forecast for period 3?

Part (B) What is the related MAD for your forecast?

Month Actual Demand
1 15
2 25

In: Operations Management