Five percent of computer parts produced by a certain supplier are defective. If 20 parts are selected at random, find expected number of non-defective parts and its variance.
Q: Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The company’s…
A: Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: A quality control process finds 56.7 defects for every 8,100 units of production. What percent of…
A: Production process refers to the conversion of raw material into final produced product that passes…
Q: The director of cost management for Odessa Company uses a statistical control chart to help…
A: The question is based on the concept of Cost Accounting.
Q: The standard to manufacture a given electronic component is 10 transistors at $75 per transistor.…
A: Answer) Calculation of Material Price variance Material price variance = (Standard price per…
Q: A firm produces a product that requires seven standard pounds per unit. The standard price is $5 per…
A: Calculation of material price variance: =(Standard price (SP) - Actual price (AP)) * Actual quantity…
Q: various sources that 2,000 more yards were used in the production of 20,000 jerseys last period…
A: Direct material quantity variance is the difference between the standard cost of standard material…
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: Tercer reports the following for one of its products. Compute the direct materials price and…
A: Solution:- a)Calculation material price variance as follows:- material price variance =(Standard…
Q: Can you show me how this is done? The standard cost of Product B includes 2 units of direct…
A: Direct material:- Direct materials are the raw material that used up in the production of product.…
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: The standard price of materials is $3.6 per pound and the standard quantity allowed for actual…
A: Introduction: Direct materials quantity variation is caused by the difference between both the…
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: Longman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is…
A: Direct material variance: direct material variance is variance analysis done by the company to know…
Q: Ruby company produces a chair that requires 6 yds. of material per unit. The standard price of one…
A: Variance is an important concept in accounting. It refers to the difference between a budgeted or a…
Q: (a) Determine the price variance. $fill in the blank 1 (b) Determine the quantity variance. $fill…
A: Direct material variances: The difference between the actual material cost per unit and the…
Q: FUN Inc. has a fully automated production facility in which almost 97 percent of averhead costs are…
A: GIVEN FUN Inc. has a fully automated production facility in which almost 97 percent of averhead…
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: What is the probability of accepting a shipment containing 8% defectives? 2.Anticipated weekly…
A: Let X be Number of defective component in shipment p: Probability of component is defective =0.08 n…
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: Encinas Company produces a product that requires 6 standard pounds per unit. The standard price is…
A: Direct material price variance (Standard Price*Actual Quantity) - (Actual Price*Actual Quantity)…
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: 3. Frisco Company recently purchased 108,000 units of raw material for $583,200. Three units of raw…
A: The variance is the difference between standard data and actual costs incurred during the period.…
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: FUN Inc. has a fully automated production facility in which almost 97 percent of averhead costs are…
A:
Q: At the beginning of the year, Forest Corporation estimates overhead to be $175,000. If the actual…
A:
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: 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: mpany produces a chair that requires 5 yards of material per unit. The standard price of one yard of…
A:
Q: Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one…
A: Here Price Variance we will get [ Bud. Price - Actual Price] x Budgeted Qty Produced…
Q: (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a…
A:
Q: Manlow Company makes a cologne called Allure. The standard cost for one bottle of Allure is as…
A: 1. Total material variance = Total standard material cost - Total actual material cost =…
Q: Can you show me how this is done? How do I know if it is favorable or unfavorable? The standard…
A: Direct materials quantity variance arises when there is a difference between the actual quantity…
Q: Bellingham Company produces a product that requires six standard pounds per unit. The standard price…
A: The calculation of direct materials price, quantity, and cost variance is as follows: The resultant…
Q: The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50…
A: Solution: Standard quantity for actual production = 4500 pound Standard quantity per units produced…
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: A manager is interested in improving productivity at a plant by changing the layout of the…
A:
Q: If the standard to produce a given amount of product is 600 direct labour hours at £15 and the…
A: Labour rate variance: Labour rate variance is the difference between the actual rate per hour and…
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: A manufacturing company is expected to complete a task in 45 minutes. During a recent accounting…
A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…
Q: Brookman, Inc, is a manufacturer of lead crystal glasses. The standard direct materials quantity is…
A: Direct material cost variance = Actual material cost - Standard material cost Actual material used…
Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $27,000 per…
A: Standard cost = Total fixed costs + No. of units produced x Variable cost per unit = 27000 + 5000*9…
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: Brookman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is…
A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…
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 production cost for a waterproof phone case is $5 per unit and fixed costs are $27,110 per…
A: Standard cost=Variable cost per unit×Units+Fixed costs=$5×5,216+$27,110=$53,190
Q: Venneman Company produces a product that requires 5 standard pounds per unit. The standard price is…
A: Direct material price variance (Standard Price*Actual Quantity) - (Actual Price*Actual Quantity)…
Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $28,000 per…
A: Standard variable cost per unit = $9 Standard fixed cost = $28,000 Units = 5800 Total standard cost…
Q: Sunshine Company has the following direct labor standard for its Sunny Sunglasses. 1.2 standard…
A: Standard data: Hour = SH 1.2 * 2000 = 2400 hours Rate = SR = $10 per hour Cost = SC = 10 * 2400 =…
Five percent of computer parts produced by a certain supplier are defective. If 20 parts are selected at random, find expected number of non-defective parts and its variance.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose that Motorola uses the normal distribution to determine the probability of defects and the number of defects in a particular production process. Assume that the production process manufactures items with a mean weight of 10 ounces. Calculate the probability of a defect and the suspected number of defects for a 1,000-unit production run in the following situations. a. The process standard deviation is 0.15, and the process control is set at plus or minus one standard deviation. Units with weights less than 9.85 or greater than 10.15 ounces will be classified as defects. b. Through process design improvements, the process standard deviation can be reduced to 0.05. Assume that the process control remains the same, with weights less than 9.85 or greater than 10.15 ounces being classified as defects. c. What is the advantage of reducing process variation, thereby causing process control limits to be at a greater number of standard deviations from the mean?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 disciplinesYou brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. Note: Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "0" for no effect (i.e., zero variance). Standard Machine hours per unit of output 5 hours Standard Variable-overhead rate per machine hour $9 Actual variable-overhead rate per mchine hours ? Actual machine hours per unit of output ? Budgeted fixed overhead $27,500 Actual fixed overhead ? Budgeted production in units 11,000 Actual production in units…
- 13. A manager is interested in improving productivity at a plant by changing the layout of the workstation. For each of 10 workers, she measures the time it takes to complete a task before the change and after the change. She calculates the following summary statistics for the sample difference: mean sample difference (between before and after) = 8.5 and sample standard deviation of the difference = 11.38. Assuming that the difference in time taken to complete the task is normally distributed, what is the critical value used to determine whether the mean difference (in task completion time) between before and after the change is not equal to zero at the 5% level of significance? Use our textbook statistical table to answer the question. a. ±2.2281 b. ±2.1009 c. ±2.2622 d. ±1.961.The following acceptance rule is being considered for determining whether to take delivery of a largeshipment of components:A random sample of 60 components is checked, and the shipment is accepted if no more than threeof them is defective.What is the probability of accepting a shipment containing 8% defectives? 2.Anticipated weekly demand for a particular brand of washing powder is represented by a normaldistribution with mean 720 units, and standard deviation 72 units.(1) What is the probability that demand will be less than 650 units? (2)What is the probability that demand will be between 650 and 750 units? (3) How many units should be stocked to ensure that the probability of finishing the week withunsold stock is 0.1?You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for no effect (i.e., zero variance).) Standard machine hours per unit of output 3 hours Standard variable-overhead rate per machine hour 10.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance $ 24,975 18,500 $ 68,600 Unfavorable $ 50,000 Favorable Fixed-overhead budget variance $ 15,000…
- A company has determined that the standard for materials is 10 square feet at $4 per square foot. If a process produces 2000 units and uses 18 square feet per unit at $5 per square foot, then what is the materials quantity variance? Select one a $ 64,000 unfavorable b) $64, 000 favorable c) $18,000 unfavorable d) $ 18,000 favorableat James, the purchasing agent for a local plant of the Oakden Electronics Division, was considering the possible purchase of a component from a new supplier. The component’s purchase price, $0.90, compared favorably with the standard price of $1.10. Given the quantity that would be purchased, Pat knew that the favorable price variance would help to offset an unfavorable variance for another component. By offsetting the unfavorable variance, his overall performance report would be impressive and good enough to help him qualify for the annual bonus. More importantly, a good performance rating this year would help him to secure a position at division headquarters at a significant salary increase.Purchase of the part, however, presented Pat with a dilemma. Consistent with his past behavior, Pat made inquiries regarding the reliability of the new supplier and the part’s quality. Reports were basically negative. The supplier had a reputation for making the first two or three deliveries…Pat James, the purchasing agent for a local plant of the Oakden Electronics Division, was considering the possible purchase of a component from a new supplier. The component’s purchase price, $0.90, compared favorably with the standard price of $1.10. Given the quantity that would be purchased, Pat knew that the favorable price variance would help to offset an unfavorable variance for another component. By offsetting the unfavorable variance, his overall performance report would be impressive and good enough to help him qualify for the annual bonus. More importantly, a good performance rating this year would help him to secure a position at division headquarters at a significant salary increase. Purchase of the part, however, presented Pat with a dilemma. Consistent with his past behavior, Pat made inquiries regarding the reliability of the new supplier and the part’s quality. Reports were basically negative. The supplier had a reputation for making the first two or three deliveries on…
- Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $3 per pound. If 5,900 units used 30,700 pounds, which were purchased at $2.91 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ b. Direct materials quantity variance $ c. Direct materials cost variance $In a manufacturing process the assembly line speed (feet per minute) was thought to affect the number of defective parts found during the inspection process. To test this theory, managers devised a situation in which the same batch of parts was inspected visually at a variety of line speeds. They collected the following data: Develop a scatter chart with line speed as the independent variable. What does the scatter chart indicate about the relationship between line speed and the number of defective parts found? Use the data to develop an estimated regression equation that could be used to predict the number of defective parts found, given the line speed. What is the estimated regression model? Test whether each of the regression parameters β0 and β1 is equal to zero at a 0.01 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable? How much of the variation in the number of defective parts found for the sample data does the model you estimated in part (b) explain?The following data show the results of random sample of 10 batches of one pattern of product: Sample Batch Size X Support Costs Y 1 10 10$ 2 12 15 3 15 20 4 20 22 5 10 15 6 25 25 7 20 30 8 12 10 9 15 20 10 30 30 Calculate: Using regression analysis (Y=a + bx ) and predict support cost for a batch size X = $10 then what is Mixed Cost ?