Question 1 The 9-month salaries at a daycare center are normally distributed with a mean of $19,000 and a standard deviation of $4,000. a. | What is the probability that an employee will have a salary between $12,520 and $13,480? | b. | What is the probability that an employee will have a salary more than $11,880?
(4 points) Problem 4: We need 1,000 electric drills per year. The ordering cost for these is $100 per order and the carrying cost is assumed to be 40% of the per unit cost. In orders of less than 120, drills cost $78; for orders of 120 or more, the cost drops to $50 per unit. Should we take advantage of the quantity discount? (4 points) Problem 5: George Heinrich uses 1,500 per year of a certain subassembly that has an annual holding cost of $45 per unit.
SciTronics had net fixed assets of $ 18,000 and sales of $ 244,000 in 2008. Its fixed asset turnover ratio in 2008 was 13.6 times, a deterioration from 16.3 times in 2005. Leverage Ratios: How soundly is the company financed? 1. SciTronics’
Fill in the blanks: 68% of her phone bills are between $________72______ and $________48______. µ=60 δ= 12 µ+δ = 72 µ-δ= 48 4) The amount of Jen’s monthly phone bill is normally distributed with a mean of $50 and a standard deviation of $10. Find the 25th percentile. 43.28 = 50 - 13.44% X= µ±zδ X=50 ± z(10) X= 50± 0.7(10) = 57 OR 43 75th and 25th 43 being lower is 25th 5) The diameters of bolts produced by a certain machine are normally distributed with a mean of 0.30 inches and a standard deviation of 0.01 inches. What percentage of bolts will have a diameter greater than 0.32 inches?
5, 6) Lima Parts, Inc., shows the following overhead information for the current period: Actual overhead incurred $ 29,400 2/3 of which is variable Budgeted fixed overhead $ 8,640 per hour Standard variable overhead rate per direct labor-hour $ 9.00 Standard hours allowed for actual production 2,350 hours Actual labor-hours used 2,200 hours ________________________________________ Required: What are the variable overhead price and efficiency variances and fixed overhead price variance? (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Amounts Variable overhead: Price variance $ (0%) (0%) Efficiency variance $ (0%) (0%) Fixed overhead: Price variance $ (0%) (0%) ________________________________________ P16-45 Overhead Variances (L.O.
All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales.
I first start with 0.00 less than the probability which is 0.20 then we start at 0.21 less than 0.53. I came up with 0.53 from adding the initial probability of 0.20 and the second 0.33. Next I start at 0.54 less than 0.90 these figures come from adding 0.53 plus the third probability of 0.37. Lastly, I start at 0.91 less than 1 and again I adding 0.90 plus the last probability of 0.10. Now let’s find the Average materials cost per unit.
For each expense that is variable with respect to revenue hours, calculate the cost per revenue hour. Expense January February March Power: Cost 1,546 1,485 1,697 Total Revenue Hours 329 316 361 Cost per Revenue Hour $4.70 $4.70 $4.70 Hourly Personnel: Cost 7,896 7,584 8,664 Total Revenue Hours 329 316 361 Cost per Revenue Hour $24.00 $24.00 $24.00 Total Cost per Revenue Hours = $4.70 + $24.00 = $28.70 3. Create a contribution margin income statement for Salem Data Services. Assume that intracompany usage is 205 hours. Assume commercial use is at the March level.
65) The purchasing power of a dollar is decreasing at the rate of 8.5% annually, compounded continuously. How long will it take for the purchasing power of $1.00 to be worth $ 0.53? Round answers to the nearest hundreth. 66) How long will it take for $5300 to grow to $37,800 at an interest rate of 9.3% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
Husky used annual observations from 20 prior years to estimate each of the four equations. Following are a definition of the variables used in the four equations and a statistical summary of these equations: St = Forecasted sales in dollars for Lockit in period t St–1 = Actual sales in dollars for Lockit in period t – 1 Gt = Forecasted U.S. gross domestic product in period t Gt–1 = Actual U.S. gross domestic product in period t – 1 Nt–1 = Lockit’s net income in period t – 1 Required: 1. Write Equations 2 and 4 in the form Y = a + bx. 2. If actual sales are $1,500,000 in 2009, what would be the forecasted sales for Lockit in 2010?