Answer:
0.1093 or 10.93%
Explanation:
The number of days before the company runs out of stock after placing an order (X) is:
Assuming a normal distribution with:
Mean (μ) = 6
Standard deviation (σ)=1.10
The z-score for X=7.353 is:
According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:
Answer:
slope = -7.65 per month
Explanation:
given data
2007 price p1 = $432
2011 price p2 = $80
time t2 = 46 months
solution
we consider here starting time t1 = 0 when price $432
so here slope will be
slope = 
.....................1
put here value and we will get
slope = 
slope = -7.65 per month
Answer:
the fixed factory overhead volume variance is $1,180 unfavorable
Explanation:
The computation of the fixed factory overhead volume variance is shown below
= (Actual activity - normal activity)× fixed overhead cost per unit
= (3,400 × 1.5 - 5,500) × $2.95
= (5,100 - 5,500) × 2.95
= 400 × 2.95
= $1,180 unfavorable
Hence, the fixed factory overhead volume variance is $1,180 unfavorable
Simply we applied the above formula so that the correct amount could come
Answer:
$53,019
Explanation:
Step 1 : Determine the unit product cost
Unit product cost under variable costing consist of only variable manufacturing costs.
Unit product cost = $30 + $26 + ($300,000 ÷ 29,200)
= $66.27
Step 2 : Calculate value of the inventory
Value of the inventory = Unit product cost x units in inventory
= $66.27 x 800
= $53,019
Under variable costing, the value of the inventory is $53,019.
Answer:
$15.99
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$79.95 - $63.96 = $15.99
