Answer:
C. CpK = 0.83, the process is not capable
Explanation:
CpK = Min(CpU, CpL)
CpU = (Upper Specific Limit - Mean)/3*Standard Deviation
= (10-9.5)/3*0.6
= 0.83
CpL = (Mean - Lower Specific Limit)/3*Standard Deviation
= (9.5-8)/3*0.2
= 2.5
CpK = Min(0.83,2.5)
= 0.83
Answer: c. $1.994
Explanation:
Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP
Total Conversion cost
= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month
= 7,840 + 203,300
= $211,140
EUP = Units completed + Percentage of ending Units completed with regards to conversion
= 92,900 + (90% * 14,450)
= 105,905 units
Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905
= $1.9936
= $1.994
Yes they scored 30 at a meet
They involve a fixed total price for a well-defined product or service which is true of lump-sum contracts. The correct option is C.
<h3>What is the advantage of a lumpsum contract?</h3>
Lump sum contracts allow for a more straightforward assessment of soil conditions, bidding prices, and pre-construction analysis, making the selection process less time-consuming. Accounting for lump sum contracts is low-intensity, which reduces the contractor's overhead expenses and allows for consistent cash flow.
A lump sum contract, also known as a stipulated sum contract, is one in which the project owner provides explicit specifications for the work and the contractor provides a fixed price for the project.
Thus, the ideal selection is option C.
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The best illustration of the economic concept is scarcity. Thus the correct option is (C).
<h3>What is Scarcity?</h3>
Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.
According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.
Thus the correct option is (C).
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