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Goryan [66]
3 years ago
10

Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with

that occurrence): Event Probability Cost($000s) I .2 53 II .6 54 III .1 12 IV .3 21 Given these, Event _____ should probably get the most attention and Event _____ should probably get the least. a. I; III b. II; IV c. I; II d. III; IV e. II; III
Business
1 answer:
gulaghasi [49]3 years ago
5 0

Answer :

Correct answer is Option (e)

Explanation :

As per the data given in the question,

Option (e) is the correct answer, which indicates that Event 2nd should probably get the most attention and Event 3rd should probably get the least.

The reason behind it is Event 2nd has the highest probability of occurrence at 0.6 and cost associated with it is also the greatest at $54,000. Event 3rd has the least probability of occurrence at 0.1 and the cost associated with its occurrence is also the smallest at $12,000.Therefore this Event should be given least importance.

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Four Muddy Paws uses the concept of<u> "speed-to-market"</u> to maintain it competitive lead.

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3 years ago
In September, Jeanette Company purchased materials costing $34,400 and incurred direct labor cost of $22,100. Manufacturing over
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Answer:

a. $34,900

Explanation:

The computation of the cost of direct material used is shown below:

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1 year ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
MAXImum [283]

Answer:

$14,506

Explanation:

Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:

First step is to calculate Material handling cost per labor hour

Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]

Material handling cost per labor hour =$16,754.50/(116,100+18,000)

Material handling cost per labor hour = $16,754.50/134,100

Material handling cost per labor hour =0.124940

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Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940

Materials handling cost allocated to wall mirrors = $14,506

Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506

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