I’d say Outcome visualization since it involves seeing yourself achieving your goal.
Answer:
Labor union
Explanation:
The labor union is the individual group that works together to accomplish the company goals or the shared job goals in terms of high pay, less working hours, high benefits, better working conditions
So the given situation represent the labor union
Hence, the same is to be considered and relevent too
Answer:
Explanation:
The preparation of the contribution margin income statement for the year ended December 31, 2017 is presented below:
Sales (10,000 units × $181) $1,810,000
Less: Variable cost (10,000 units × $119) ($1,190,000)
Contribution margin $620,000
Less: Fixed cost ($390,600)
Net income $229,400
Answer:
a) 0.118.
Explanation:
The computation of the UCL is shown below:
Given that
N = 100
<u>Sample Sample size Number of retests fraction defective </u>
1 100 4 0.04
2 100 11 0.11
3 100 6 0.06
4 100 10 0.1
5 100 4 0.04
6 100 6 0.04
7 100 1 0.01
8 100 6 0.06
9 100 9 0.09
10 100 11 0.11
Total 1,000 68
Now p is
= 68 ÷ 1000
= 0.068
Now the standard deviation is
= √p(1 - p) ÷ √n
= √0.068 × (1 - 0.068) ÷ √100
= 0.025
Now the UCL is
= p + z × standard deviation
= 0.068 + 2 × 0.025
= 0.118
Answer:
a-1. If the inspector position is eliminated, the defects will not be detected. These cost the company $11 to replace.
Defects per hour = 50 * 0.01 = 0.5 units
Cost per hour = 0.5 * 11 = $5.50
a-2. Based on costs alone, the inspection position should be eliminated. This is because the cost of having the Inspection position is $10 but it would only cost the company $5.50 if the position was not there so the cost of the inspection position is more than the cost incurred if it wasn't there.
b. = Inspection fees/ Units inspected per hour
= 10/50
= $0.50 per unit
c. Cost without Inspection is $5.50. With Inspection is $10.
Hourly Loss = 5.50 - 10
= -$4.50
Per unit loss = -4.50/50
= -$0.09
