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A) A firm operates a truck on a job contracting basis. The job requests is Poisson distributed with a mean request rate of 1.5 per day. The average service time is 3.75 hours and is exponentially distributed. Determine all the performance measures and the probability that there are more than three jobs in the system.
B) The AB Company has a single '93turret lathe'94 as a key work center on its factory floor. Jobs arrive randomly at this work center at a mean rate of two per day. The processing time to perform each job has an exponential distribution with a mean of 0.25 day. Because the jobs are bulk, those not being worked on are currently being stores in a room some distance from the machine. However, to save time in fetching the jobs, the production management is proposing to add enough in-process storage space next to the turret lathe to accommodate three jobs, in addition the one being processed. ) Excess jobs will continue to be stored temporarily in the distant room.) Under this proposal, explain what proportion of the time will this storage space next the turret lath is adequate to accommodate all waiting jobs?}
Manufacturers such as Polaris and Arctic Cat usually work to maintain a high quality and low cost operation.
I am having to explain and provide detailed example of where activity base costing would be employed. I'm capable to describe ABC in length but can't come up with detailed example.
What are the equivalent units for conversion costs for the month in the first processing department and the allocation of Becky's wages and fringe benefits for the week between direct labor cost and manufacturing overhead would be
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
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Prepare the year-end adjusting entries in general journal form using the information and prepare an adjusted trial balance at December 31, 2014.
Calculate the interest payable at maturity.
Britney Brown, the plant manager of LMN Co. s Chicago plant, is responsible for all of that plants costs other than her own salary.
For each ratio listed, identify whether the change in ratio value from 2010 to 2011 is usually regarded as favorable or unfavorable.
What is your overall appraisal of the company's cost system and its use in reports to management List the strengths and weaknesses of this system and its related reports for the purposes management uses the system's output.
Write down the main components of cost-volume-profit (CVP) analysis. How does a CVP income statement aid management make decisions?
For any kind of companies it is important to choose and use the right types of costing system. Costing system is an accounting system uses by companies and organizations to monitor the company's expenditures and overheads
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