The time taken for guests to check out at a hotel front desk was measured over the course of several weeks. the management believes that the target time for checking out guests should be between 2 and 3 minutes with a target of 2.5 minutes. the data gathered for the actual process had a mean time of 2.75 minutes with a standard deviation of 0.45 minutes. the process capability index will be:

select one:

a. more than 4 but less than or equal to 5.

b. more than 3 but less than or equal to 5.

c. more than 5.

d. less than or equal to 1.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.