Answer:
Manufacturing efficiency ratio= 60%
Explanation:
Manufacturing efficiency ratio measure the proportion of time it takes to perform value-added activities. This information is used to reduce time spent on non value-adding activities, thereby reducing cost and making production faster.
Using the formula
Manufacturing efficiency ratio= Value-added production time/ production cycle time
Value-added production time= Cycle time - non value-added manufacturing time
Value-added production time= 0.5-0.2= 0.3
Therefore
Manufacturing efficiency ratio= 0.3/0.5= 0.6
Manufacturing efficiency ratio= 60%
Answer:
The probability more than 72% of the cardholders are carrying a balance is 0.2946
Explanation:
Test statistic (z) = (p' - p) ÷ sqrt[p(1-p) ÷ n]
p' is the sample proportion = 0.72
p is the population proportion = 0.74
n is the number of cardholders sampled = 140
z = (0.72 - 0.74) ÷ sqrt[0.74(1-0.74) ÷ 140] = -0.02 ÷ 0.037 = -0.54
The cumulative area of the test statistic is the probability that less than 72% of the cardholders are carrying a balance. The probability is 0.7054.
Probability (more than 72% of the cardholders are carrying a balance) = 1 - 0.7054 = 0.2946
Answer: on edge it's B the right to attend classes at a school...
Explanation:
Answer:
A) a relatively large number of firms and the monopolistic element from product differentiation.
Explanation:
A monopolistically competitive industry has the elements of monopoly as product differentiation. Since the products produced in are different in some way and thus may offer differing utilities. This allows the firms in the industry to vary their supply to influence prices as this differentiated product is only produced by them. This is reminiscent of a monopoly.
However, at the same time - there may be substitutes with slight variations as there are a relatively larger number of companies producing differing products. This offers as an option to customers and helps the market act as competitive.
Option B only focuses on the monopolistic elements. Option C is fundamentally wrong as low entry barriers is not a monopolistic element. Option D gives us a monopolistic element of advertising that can act as differentiation but a highly inelastic demand curve goes against the perfect competition - this nullifies the argument.
Hope that helps.
Answer:
Kindly see attacked picture
Explanation:
Elliott Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Elliott Engines has a very simple production process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overhead rate is based on direct labor hours. Information about the three products for 20Y2 is as follows: Budgeted Volume (Units) Direct Labor Hours Per Unit Price Per Unit Direct Materials Per UnitPistons 5000 0.50 $45 $8 Valves 12,500 0.30 17 3Cams 1,500 0.20 60 40 The estimated direct labor rate is s30 per direct labor hour Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Elliott Engines is $163,750 If required, round all per unit answers to the nearest cent a. Determine the plantwide factory overhead rate. per dih b. Determine the factory overhead and direct labor cost per unit for each product.
Kindly check attached picture for solution
