Calculate the normal loss and abnormal loss, Applied Statistics

Assignment Help:

Chemical processors manufacture wondercool using two processes- mixing and distillation. The following details relate to the distillation process for a period.

No opening work in progress

Input from Mixing                   36,000kg at a cost of K166,000

Labour for the period              K43,800

Overheads for the period        K29,200

Closing work in progress of 8,000kg, which was 100% complete for materials and 50% complete for labour and overheads.

The normal loss in distillation is 10% of fully complete production. Actual loss in the period was 3,600kg, fully complete, which was scrapped.

a) Calculate the normal loss and therefore abnormal loss or gain.

b) Prepare the distillation process a/c for the period, showing clearly weights and values


Related Discussions:- Calculate the normal loss and abnormal loss

Admissibility, Admissibility A very common concept which is applicable ...

Admissibility A very common concept which is applicable to any procedure of the statistical inference. The underlying notion is that the procedure/method is admissible if and o

Estimate the values of the dependent variable, 1. Suppose you are estimatin...

1. Suppose you are estimating the imports (from both the U.S. mainland and foreign countries) of fuels and petroleum products in Hawaii (the dependent variable). The values of the

Measures of dispersion, Measures of Dispersion ...

Measures of Dispersion Box 3: Food vs. Oil Below are the figures for foodgrain procurement   and cr

Median for grouped data, Grouped Data  In order to find the median, the...

Grouped Data  In order to find the median, the median class is to be first located and then interpolation is to be used by assuming that items are evenly spaced over the entire

Types of correlation, Type of Correlation 1.      Positive and Negat...

Type of Correlation 1.      Positive and Negative Correlation: 2.      Simple Partial and Multiple Correlations. 3.      Linear and  Non linear or Correlations

Standard deviation , Standard Deviation  The concept of standard deviat...

Standard Deviation  The concept of standard deviation was first introduced by Karl Pearson in 1893. The standard deviation is the most important and the popular measure of disp

Importance and application of probability, Importance and Application of pr...

Importance and Application of probability: Importance of probability theory  is in all those areas where event are not  certain to take place as same  as starting with games of

Dispersion.., discuss the advantages and disadvantages of measures of dispe...

discuss the advantages and disadvantages of measures of dispersions

Simple regression, Simple Regression: The Teacher Preparation Researc...

Simple Regression: The Teacher Preparation Research Team conducted a study of college students who took the Praxis II-a teacher certification examination. Some variables from

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd