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It's your second day with Boutique Catering and the general manager has received a report summarising client complaints which she would like you to investigate. There is a consistent theme of clients being unhappy with the service time when receiving their meals. The general manager would like you to establish if additional staff should be employed to improve the service time. Meals are served in a general area and often the clients will stand around talking before placing an order. The following pattern records customer arrivals and the time it takes for the clients to receive their meals.
a) Using the random number function in excel simulate the arrival of 25 customers b) Calculate the total simulated hours, total waiting time for the customer service team member, and the total wait time for the customer? c) Do you think that enough simulations have been completed to report an outcome to the general manager, explain your answer?
Select a city or state in the United States (or Canadian city or province), and employ the Internet to explore the annual budget of governmental unit you selected.
Costs can be classified into 2 categories, fixed and variable costs. These costs behave differently based on the level of sales volume. Suppose we are running a restaurant and have identified certain costs along with the number of annual training ..
Consider the following financial statement information for the Bulldog Icers Corporation: Calculate the operating and cash cycles. How do you interpret your answer?
Determine the equivalent units of conversion. What is the conversion costs assigned to completed calendars? What amount of conversion is assigned to the ending work-in-process inventory?
What is the minimum price Fastenalt should accept from Hank's for the special order and discuss the strategic implications of accepting Hank's offer.
A company is considering additional final inspection costs of $1 per unit before delivery to customers. It currently delivers 60,000 units per year.
Show how changes in cost driver levels affect variable and fixed costs and calculate break-even sales volume in total dollars and total units.
Which of the following characteristics applies to process costing but not to job costing?
Can you give an example of cost-volume-profit analysis using this techniques in your organization or in your past experience?
Describe cost-volume-profit analysis, including the explanation of the calculation and components. In what three ways can the contribution margin be useful in cost-volume-profit analysis?
Create a memo on the ‘state of the company's industry' and associated risk factors.
Determine the increase in net operating income in each market if the advertising campaign were to be initiated in that market.
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