Binomial distributions are approximately normal when the number of trials is large, and the probaility of success is not near zero or one. A player flips an unbiased coin 1,296 times.
a. What is the probability of the coin landing on heads between 612 and 684 times?
In: Statistics and Probability
Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units.
| Per Unit | Total | ||||||
| Direct materials | $ 50 | ||||||
| Direct labor | $ 26 | ||||||
| Variable manufacturing overhead | $ 20 | ||||||
| Fixed manufacturing overhead | $ 600,000 | ||||||
| Variable selling and administrative expenses | $ 19 | ||||||
| Fixed selling and administrative expenses | $ 400,000 | ||||||
Lovell Computer Parts management requests that the total cost per
unit be used in cost-plus pricing its products. On this particular
product, management also directs that the target price be set to
provide a 25% return on investment (ROI) on invested assets of $
1,000,000 .
Round all calculations to two decimal places
A. Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 25% on this new component.
B. Assuming that the volume is 40,000 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 25% on this new component.
In: Accounting
Using the Microsoft Excel, kindly prepare a cost production report for Department I and Department II using the Weighted Average Method.
Paper Needs Inc, has the following production data for the month of June 20xx.
| DEPARTMENT I | DEPARTMENT II | |||||
| QUANTITY SCHEDULE | Units | Percentage of completion | Units | Percentage of completion | ||
| Work-in process, beginning | 15,000 | 2/3 complete | 9,000 | 1/3 complete | ||
| Transferred to next department | 30,000 | ? | ||||
| Work-in process, end | 5,000 | 2/5 complete | 8,000 | 7/8 complete | ||
| COST ANALYSIS | DEPARTMENT I | DEPARTMENT II | ||||
| Work-in process, beginning | ||||||
| Cost from preceding department | ||||||
| Costs from this department | ||||||
| Materials | ₱16,290 | ₱7,992 | ||||
| Labor | 6,630 | 3,996 | ||||
| Overhead | 2,100 | 2,664 | ||||
| Costs added this month | ||||||
| Materials | ₱21,720 | ₱61,272 | ||||
| Labor | 14,618 | 46,620 | ||||
| Overhead | 5,068 | 31,080 | ||||
In Department I, all materials are added at the start of the process, while labor and overhead are applied evenly throughout the process.
In Department II, 50% of materials are added at the start of the process and the balance is added when the process is ¾ completed. Conversion costs are applied uniformly to the process.
In: Accounting
In: Operations Management
Discuss the ability of a sustainability review to effectively address all three “E’s” of sustainability effectively in the construction industry?
In: Civil Engineering
How did the medical profession succeed in construction an effective monopoly within the boarder context of health care?
In: Economics
Explain the 2-step portfolio construction process and briefly discuss its implications for the investment management industry.
In: Finance
give an example of each of the type of costing systems used to determine the costs in petrochemical refinery and building construction
In: Accounting
Compare the following risks: Preventable risks, Strategy risks, and External risks.
subject : risk management is construction
In: Civil Engineering
Develop a construction to show that a system implementing the Chinese Wall model can support the Bell-LaPadula Model.
In: Computer Science