Business, 11.06.2021 22:20 bunnybuge4

Q1 (a) As part of an investigation into levels of overtime working, a company decides to tabulate the number of orders received weekly and compare this with the total weekly overtime worked to give the following Week
1
2
3
4
5
6
7
8
9
10

Orders received
83
22
107
55
48
92
135
32
67
122

Total overtime
38
9
42
18
11
30
48
10
29
51

Using the method of least squares obtain the regression equation of total overtime on orders received and predict the level of total overtime necessary for 100 orders (7 marks)
(b) As a result of tests of 20,000 electric bulbs manufactured by a company it was found that lifetime of the bulbs are normally distributed with an average life of 2040 hours and standard deviation of60 hours. On the basis of the information, estimate the number of bulbs expected to burn for;
(i) More than 2150 hours
(ii) Less than 1960 hours

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:00

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Answers: 1

Answer

Business, 21.06.2019 15:00

Becky fenton has 40/80/40 automobile insurance coverage. if two other people are awarded $75,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?

Answers: 1

Answer

Business, 22.06.2019 03:20

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Answers: 3

Answer

Business, 22.06.2019 05:00

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Answers: 3

Answer

You know the right answer?

Q1 (a) As part of an investigation into levels of overtime working, a company decides to tabulate th...

Questions