The provision of accounting information for internal users is known as

(Vetro Inc) Vetro Inc. is a glass manufacturer that produces glasses of every shape and type. Recently it signed a contract to s

Nataliya [291]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

LSL = 4.96 cm

USL = 5.04 cm

Mean = 5 cm

SD = 0.01 cm

1. Capability Index:

Cpk = min ( $\frac{USL - Mean }{3SD}$ , $\frac{Mean - LSL}{3SD}$ )

So, now, we need to find the following:

$\frac{USL - Mean }{3SD}$ = $\frac{5.04 - 5 }{3 * 0.01}$

$\frac{USL - Mean }{3SD}$ = $\frac{0.04}{0.03}$

$\frac{USL - Mean }{3SD}$ = 1.33

Similarly,

$\frac{Mean - LSL }{3SD}$ = $\frac{5 - 4.96 }{3 * 0.01}$

$\frac{Mean - LSL }{3SD}$ = $\frac{0.04}{0.03}$

$\frac{Mean - LSL }{3SD}$ = 1.33

So,

Cpk = min ( $\frac{USL - Mean }{3SD}$ , $\frac{Mean - LSL}{3SD}$ ) = 1.33

2. Maximum Standard deviation allowed.

Let SD be maximum standard deviation allowed.

So,

Mean - 3SD = 4.96 Equation 1

Mean + 3SD = 5.04 Equation 2

Subtracting Equation 2 from 1, we have

6SD = 5.04 - 4.96

6SD = 0.08

SD = 0.0133

3 0

3 years ago

Cranford Company completed and transferred out 2,700 units in May 2016. There were 300 units in the Work-in-Process Inventory on

Lynna [10]

Answer:

The cost of the work transferred-out during May is $18,630

Explanation:

For computing the cost of work transferred, first we have to compute the conversion cost per unit and material cost per unit

The conversion cost per uni = Conversion cost ÷ (transferred units + work in progress)

= $11,160 ÷ (2,700 + 300 × 30%)

= $11,160 ÷ (2,700 + 90)

= $11,160 ÷ 2,790

= $4 per unit

Now, material cost per unit = Material cost ÷ (transferred units + work in progress)

= $8,700 ÷ (2,700+300)

= $8700 ÷ 3,000

= $2.9 per unit

So, total cost of the work transferred is equals to

= Transferred units × conversion cost per unit + transferred units × material cost per unit

= 2,700 × $4 + 2,700 × $2.9

= $10,800 + $7,830

= $18,630

Hence, the cost of the work transferred-out during May is $18,630

6 0

3 years ago

Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direc

zavuch27 [327]

Answer:

Variable manufacturing overhead rate variance= $677.1 unfavorable

Explanation:

Giving the following information:

Standard:

Variable overhead 0.3 hours $ 7.80 per hour

Actual output 5,000 units

Actual direct labor-hours 1,110 hours

Actual variable overhead cost $ 9,340

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 9,340/1,110= $8.41

Variable manufacturing overhead rate variance= (7.8 - 8.41)*1,110

Variable manufacturing overhead rate variance= $677.1 unfavorable

4 0

3 years ago

Planned investment spending is _____ the interest rate because fewer projects are profitable at higher interest rates. greater t

Lapatulllka [165]

The relationship between planned investment and interest rates is that investment spending is inversely related to interest rates.

<h3>How are investment spending and interest rates related?</h3>

Investment spending depends on being able to take loans from financial institutions to sponsor capital projects.

If interests rate are high, there will be less planned investments because the cost of taking a loan will be high. The relationship is there inverse in nature.

Find out more on interest rates at brainly.com/question/26540958.

5 0

2 years ago

Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, th

andriy [413]

Answer:

3000

1500

Explanation:

For each of the answers in this question I have added the formulas to solve them in the attachment below

1.

(45-39)*5*100

= 3000

2.

(45-39)-3 x5 x100

= $1500

7 0

3 years ago