The European Union is home to more than 500 million (mostly well-heeled) consumers, making it one of the largest and most attractive markets worldwide. As firms contemplate selling goods in the EU, they conduct market research using secondary data. An excellent source of secondary data and site for learn- ing about the EU is http://europa.eu, the official website of the EU. Visit the various links at this site and develop a profile of consumers in the EU.

Resultes of operations for Alpha company for the month ending 10/31/2015 are presented below:

                                             Actual                   Budget

Sales                                  250,000                300,000

Cost Goods sold                 185,000                180,000

Selling Expenses                20,000                  22,000

Administrative Expenses    10,000                  11,000

Pre Tax Profit                         ?                           ?

A. Compute pre tax profit for actual and budget

B. Compute variances from budget

C. What items should get the most attention?

Here is a sample dataset: 126.3 258.9 298.4 345.2 89.2 459.2 688.1 441.3 459.2 487.1 647.2 784.9 647.2 675.5

(1) Draw a stem - and - leaf display for this dataset.

(2) What is the mean, median, mode?

(3) What is the range, variance, standard deviation?

(4) What is Q1, Q3?

(5) Is the smallest and largest outliers? Why?

(6) What is the percentage falling within 1 standard deviation? Does it satisfy the Empirical Rule?

A process that fills packages is not stopped until four packages whose weight falls outside the specification are detected. Assume that each package has probability 0.01 of falling outside the specification and that the weights of the packages are independent.

a.Define the random variable of interest, its support, and parameter values over this period.

b. What is the probability that 50 packages need to be filled until the process is stopped?

c.Find the mean and variance of the number of packages that will be filled before the process is stopped.

A trapezoid-shaped potato with base lengths of 1.5 cm and 2.0 cm respectively and a height/thickness of 0.5 cm was dried at a temperature of 70 ^oC in a convective oven for 24 h, if the surface temperature of the potato remained at 65 ^oC throughout the drying operation, describe the different changes that occurs during the constant and falling rate periods. If the convective heat transfer coefficient of stem/water is given as 850 W/m^2oC, calculate the amount of heat transferred into the potato

Variable Costing Income Statement

On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept:

Assume the fixed manufacturing costs were $9,135 and the fixed selling and administrative expenses were $4,180.

Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

1. On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.absorption costing concept:

   Weatherford Company Absorption Costing Income Statement For the Month Ended November 30
   Sales (5,900 units)			$123,900
   Cost of goods sold:
   Cost of goods manufactured (7,000 units)	$105,000
   Inventory, November 30 (1,000 units)	(15,000)
   Total cost of goods sold			90,000
   Gross profit			$33,900
   Selling and administrative expenses			19,330
   Income from operations			$14,570

   Assume the fixed manufacturing costs were $21,000 and the fixed selling and administrative expenses were $9,470.

   Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

   Sales		$
   Variable cost of goods sold:
   Variable cost of goods manufactured	$
   Inventory, November 30
   Total variable cost of goods sold
   Manufacturing margin		$
   Variable selling and administrative expenses
   Contribution margin		$
   Fixed costs:
   Fixed manufacturing costs	$
   Fixed selling and administrative expenses
   Total fixed costs
   Income from operations