Allegiant Airlines charges a mean base fare of $88. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $34 per passenger. Suppose a random sample of 70 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $39. Use z-table.
a. What is the population mean cost per flight?
b. What is the probability the sample mean will be within $10 of the population mean cost per flight (to 4 decimals)?
c. What is the probability the sample mean will
be within $5 of the population mean cost per flight (to 4
decimals)?
In: Statistics and Probability
Allegiant Airlines charges a mean base fare of $84. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $34 per passenger. Suppose a random sample of 80 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $36. Use z-table.
a. What is the population mean cost per flight?
b. What is the probability the sample mean will be within $10 of the population mean cost per flight (to 4 decimals)?
c. What is the probability the sample mean will be within $5 of the population mean cost per flight (to 4 decimals)?
In: Statistics and Probability
Allegiant Airlines charges a mean base fee of $87. In addition, the airline charges for making a reservation on its website, checking bags, and beverages. these charges average $39 per passenger. Suppose a random sample of 50 passengers is taken to determine the total cost dog their flight on allegiant. the population standard deviation of total flight cost is known to be $38. use Z table.
A. what is the population mean cost per flight?
B. What is the probability the sample mean will be within $10 of the population mean cost per flight? (up to 4 decimals)
C. What is the probability the sample mean will be within $5 of the population mean cost per flight? (up to 4 decimals)
In: Statistics and Probability
Antico Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.
| # of units produced | 4,000 | 5,000 |
| Direct material cost per unit | $3.20 | $3.20 |
| Direct labor cost per unit | $4.50 | $4.50 |
| Total MOH cost per unit | $9.40 | $7.70 |
| Variable S&A per unit | $1.20 | $1.20 |
| Fixed S&A per unit | $6.00 | $4.80 |
The best estimate of the fixed element of total monthly manufacturing cost is (round to the nearest whole dollar if needed):
Group of answer choices
$37,600
$24,000
$34,000
$32,950
None of the other answer choices are correct.
In: Accounting
Allegiant Airlines charges a mean base fare of $86. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $36 per passenger. Suppose a random sample of 70 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $37. Use z-table.
a. What is the population mean cost per
flight?
$
b. What is the probability the sample mean will
be within $10 of the population mean cost per flight (to 4
decimals)?
c. What is the probability the sample mean will
be within $5 of the population mean cost per flight (to 4
decimals)?
In: Statistics and Probability
Production data:
Units (gallons) in process, April 1: materials 100% complete;
labor and overhead 60% complete . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
Units (gallons) started into production during April . . . . . . . . . . . . . . . . . . 4 20,000
Units (gallons) completed and transferred to the Finishing Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 370,000
Units (gallons) in process, April 30: materials 50% complete; labor and overhead 25% complete . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000
Cost data: Work in process inventory, April 1: Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 92,000
Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,000
Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,000
Total cost of work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 150,000
Cost added during April: Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 851,000
Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 330,000
Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 665,000
Total cost added during April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,846,000
a.Prepare a cost reconciliation report for april
In: Finance
Question 1
Adam, an engineer, working for a foreign oil and gas company earning RM96,000 per year is planning to give up his job and set up his own business. He estimates that renting an office would cost RM1,000 per month, hiring a secretary would cost RM1,500 per month and purchasing the required supplies cost him RM12,000 per annum. He estimates that his total revenue for the year would be RM180,000.
i) Explicit cost
ii) Implicit cost
iii) Economic profit
b. Explain briefly whether Adam should start his own business if the total revenue decreases by RM10,000.
In: Economics
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
|
Month |
Total |
Total |
|||
|---|---|---|---|---|---|
|
January |
$2,640 | 3,500 | |||
|
February |
3,000 | 4,000 | |||
|
March |
3,600 | 6,000 | |||
|
April |
4,500 | 7,900 | |||
|
May |
3,200 | 5,000 | |||
|
June |
4,620 | 8,000 | |||
Determine the variable-cost components using the high-low
method. (Round answer to 2 decimal places e.g.
2.25.)
| Variable cost per machine hour |
$enter the variable cost per machine hour in dollars rounded to 2 decimal places |
Determine the fixed cost components using the high-low
method.
| Fixed costs |
$ |
In: Accounting
Allegiant Airlines charges a mean base fare of $86. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $35 per passenger. Suppose a random sample of 50 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $40. Use z-table.
a. What is the population mean cost per
flight?
b. What is the probability the sample mean will
be within $10 of the population mean cost per flight (to 4
decimals)?
c. What is the probability the sample mean will
be within $5 of the population mean cost per flight (to 4
decimals)?
In: Statistics and Probability
Allegiant Airlines charges a mean base fare of $89. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $35 per passenger. Suppose a random sample of 80 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $40 Use z-table.
1.) What is the population mean cost per flight?
2.) What is the probability the sample mean will be within $10 of the population mean cost per flight (to 4 decimals)?
3.) What is the probability the sample mean will be within $5 of the population mean cost per flight (to 4 decimals)?
In: Statistics and Probability