Answer:
b. 0.67
Explanation:
UCL = 1 + 0.10
= 1.10 inch
LCL = 1 - 0.10
= 0.9 inch
standard deviation = 0.005 inch
mean = 1 inch
Cpk
= min[(UCL - mean)/(3*standard deviation) , (mean - LCL)/(3*standard deviation))]
= min[(1.10 - 1)/(3*0.05) , (1 - 0.9)/(3*0.05))]
= min[0.67 , 0.67]
= 0.67
Therefore, Theprocess capability index (Cpk) if the long-run process mean is 1 inch is 0.67
Answer:
Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)
Answer:
The correct answer is B: $46,400
Explanation:
The difference between absorption and variable costing is that the first one includes fixed manufacturing overhead in the manufacturing cost.
Giving the following information:
Absorption costing:
Direct materials= 30,000
Direct labor= 38,000
Variable factory overhead= 8,000
Fixed factory overhead= 40,000
Total= $116,000
Unitary cost= 116000/10000= $11.6
Ending finished inventory= 4000*11.6= $46,400
