subject
Business, 13.04.2021 04:30 morenodonaldo762

General Mills (GM) manufacturers and sells a wide variety of breakfast cereals. GM’s product development lab recently created a new cereal that consist of rice flakes and banana-flavored marshmallows. The company’s marketing research department has tested the new cereal extensively and has found that consumers are enthusiastic about the cereal when 16 ounce boxes contain at least 1.6 ounces and no more than 2.4 ounces of the banana-flavored marshmallows. As GM prepares to begin producing and selling 16-ounce boxes of the new cereal, which it has named Cheerios, management is concerned about the amount of banana-flavored marshmallows. It wants to be careful not to include less than 1.6 ounces or more than 2.4 ounces of banana flavored marshmallows in each 16-ounce box of Cheerios. Tina Finkel, VP of Production for GM, has suggested that the company measure the weight of banana-flavored marshmallows in a random sample of 25 boxes of Cheerios on a weekly basis. Each week GM can count the number of boxes out of the 25 boxes in the sample that contain less than 1.6 ounces or more than 2.4 ounces of banana-flavored marshmallows; if the number of boxes that fail to meet the standard weight of banana-flavored marshmallows is too high, production will be shut down and inspected. Ms. Finkel and her staff have designed the production process so that only 8% of all 16-ounce boxes of Cheerios fail to meet the standard weight of banana-flavored marshmallows. After much debate, GM management has decided to shut down production of Cheerios if at least five boxes in a weekly sample fail to meet the standard weight of banana-flavored marshmallows. GM management wants to shut down production of Cheerios no more that 1% of the time when the production process is working properly. Suggest the appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana-flavored marshmallows in order for production to be shut down if this goal is to be achieved.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:30
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
question
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
question
Business, 22.06.2019 15:00
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
question
Business, 22.06.2019 19:50
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
You know the right answer?
General Mills (GM) manufacturers and sells a wide variety of breakfast cereals. GM’s product develop...
Questions
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00
question
Mathematics, 24.02.2021 14:00