A computer system queues up batch jobs and processes them on an FCFS basis.Between 2 and 5 P.M., jobs arrive at an average rate of 30 per hour and require anaverage of 1.2 minutes of computer time. Assume the arrival process is Poissonand the processing times are exponentially distributed. a. Compute the variance of the flow times assuming FCFS, LCFS, and randomselection disciplines

Q: The management of Watchdog Security Systems has calculated the following variances: $9,000 U 40,000…

A: Solution:- Calculation of the Total Direct Labour Variance of the company as follows:-

Q: Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

Q: The normal capacity of the Cutting Department is 12,000 machine hours per month. At normal…

A: The question is based on the concept of Cost Accounting. The difference between the actual amount of…

Q: Brookman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per​…

A: Standard hours means standard hours for actual output  = 6800×0.5 =3400 hours

Q: You brought your work home one evening, and your nephew spilled his chocolate milk shake on the…

A:

Q: The time in seconds it takes for 20 individual sewing machines to stitch a border onto a particular…

A: Data given: n X 1 66 2 60 3 58 4 74 5 64 6 64 7 61 8 62 9 69 10 73 11 58…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is…

A: Variances are the differences between the costs that have been budgeted by an entity relating to…

Q: Dvorak Company produced 1,000 units of product that required 3 standard hours per unit. The standard…

A: Factory overhead volume variances:Factory overhead volume variances refers to the difference between…

Q: Following information has been obtained from the records of a manufacturing organisation using the…

A:

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct labor rate variance = (Actual rate - Standard rate) x Actual hours Direct labor time variance…

Q: Encinas Company produces a product that requires 3 standard hours per unit at a standard hourly rate…

A: Direct labour cost variance shows difference between standard cost of labour and actual cost of…

Q: One subunit of Harris Sports Company had the following financial results last month: E (Click the…

A: Performance Evaluation Report Performance evaluation is outlined as a formal and productive…

Q: Bellingham Company produces a product that requires 2 standard hours per unit at a standard hourly…

A: Labor cost variance: Labor cost variance is the difference between actual labor cost and standard…

Q: If actual fixed overhead was $54,000 and there was a $1,300 unfavorable spending variance and a…

A: Fixed overhead spending variance = Budgeted fixed overhead - Actual fixed overhead

Q: In all of the exercises involving variances, use “F” and “U” to designate favorable and unfavorable…

A: The question is based on the concept of Cost Accounting.

Q: In all of the exercises involving variances, use “F” and “U” to designate favorable and unfavorable…

A: a]  Standard Cost Particulars Amount $ Amount $ Material cost…

Q: Vincent Bassani has come to the accounting department for help in interpreting his variance report.…

A: Labor Efficiency Variance: When it comes to labor efficiency variance, it assesses the capacity to…

Q: Using the weighted procedure method of setting rates, calculate the relative value and cost per…

A: Given Information:  Total lab cost = $1.25 million  Average hourly lab tech rate = $15

Q: Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a…

A: Variance analysis is the analysis between standard and actual results to mainly find out the reason…

Q: In all of the exercises involving variances, use "F" and "U" to designate favorable and unfavorable…

A: As you have posted multiple independent questions, we will answer first three sub-parts. Kindly…

Q: You are a project manager of a project to build machines. Your project is scheduled to last for 12…

A: Actual cost of project refers to the amount of expenses that occur while production of anything. It…

Q: Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: he following computations are incomplete. The missing items are labeled (a) through (d).  identify…

A: Variance is the difference between standard and actual performance.

Q: Denominator level in hours 40,000 Actual output in units 21,000 Std. Variable overhead rate per…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: Calculate the material variances. Calculate the labor variances. Complete your calculations by…

A: A variance is a difference between actual measured output and a basis, such as a budgeted amount.…

Q: In all of the exercises involving variances, use “F” and “U” to designate favorable and unfavorable…

A: The question is based on the concept of Cost Accounting.

Q: Zyan had a $2,000 favorable volume variance, a $7,000 unfavorable variable overhead spending…

A: Fixed overhead budget variance is the difference between actual fixed fixed overhead costs and…

Q: A manager is interested in improving productivity at a plant by changing the layout of the…

A:

Q: Venneman Company produces a product that requires 4 standard hours per unit at a standard hourly…

A: Formula: Direct labor rate variance = Actual hours x ( Standard rate per hour - Actual rate per hour…

Q: *Standard labor time per finished product is 12 minutes. The fixed overhead was in agreement with…

A: Note - the first part is being solved. Please post a separate question for the balance parts.…

Q: The PERT is combined with cost data to produce a PERT cost analysis to a. calculate the total…

A: Cost analysis: It refers to the process of breaking down the total costs into various elements to…

Q: The Chocolate Cow Ice Cream Company has grown substantially recently, and management now feels the…

A: Standard performance can be referred to as the desired performance which is expected by the…

Q: Bellingham Company produces a product that requires 7 standard direct labor hours per unit at a…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: (a) Evaluate the problem and determine the rate of components expected to be rejected from process C…

A: As per our protocol we provide solution to the one question only but you have asked two questions…

Q: Please redo this problem and show me steps on how to get the following questions correct, its…

A: Direct labor variance is calculated to check the difference between actual labor cost & standard…

Q: The budgeted variable selling, and administrative expense is calculated by multiplying the budgeted…

A: Answer: False, The budgeted selling Variable expense is computed on the Budgeted sale units but the…

Q: You brought your work home one evening, and your nephew spilled his chocolate milk shake on the…

A: Flexible Budget- A flexible budget is one that responds to changes in volume and activity. Because…

Q: Calculate the variances and identify whether the variance is favorable​ (F) or unfavorable​ (U).…

A: Variances are calculated by comparing the actual results with the standard set.

Q: Five percent of computer parts produced by a certain supplier are defective. If 20 parts are…

A: Expected number of non-defective parts = Parts selected * Probability of defect

Q: Tippi Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15.00…

A: a. Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours workd =…

Q: You brought your work home one evening, and your nephew spilled his chocolate milk shake on the…

A: Here to find out the details of different costing techniques which are including fixed and variable…

Q: The management of Cleancut Lawnmowers has calculated the following​ variances:   Direct materials…

A: The total manufacturing overhead variance = Variable manufacturing overhead variance + Fixed…

Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.