Answer:
A yard.
Explanation:
It is roughly about the same length as a meter.
Answer:
The indifference point is 22,381 hours a year.
Explanation:
Giving the following information:
SecureAll:
Fixed costs= $900,000
In house:
Fixed costs= (100,000*4) + 30,000= $430,000
Variable costs= $21 an hour
First, we need to structure the cost formula for each option:
SecureAll= 900,000
In-house= 430,000 + 21*x
X= number of hours
Now, to calculate the indifference point, we need to equal both formulas and isolate X:
900,000= 430,000 + 21x
470,000/21= x
22,381= x
The indifference point is 22,381 hours a year.
Answer:
$23.32
Explanation:
We have the given information as below:
Defective content average = 0.04
Number of units inspected per hour = 53
Hourly rate = $10
Cost involved in final product testing = $11
Now to determine if the inspector position is eliminated, we will need to calculate the number of defective products:
defective products = Defective content average × Number of units inspected per hour
defective products = 0.04 × 53 = 2.12
the hourly cost of defects = defective products × Cost involved in final product testing
The hourly cost of defects = 2.12 × $11 = $23.32