contains prize. (b) Explain the rolling of a fair die and then flipping of a fair coin with the help of tree diagram. Q.2 (a) How can we differentiate between continuous and discrete random variables. Explain with the help of examples. (b) Let X be a random variable having normal distribution with mean 48 and standard deviation 10. Then find [pic]. Q.3 (a) Compute the mean‚ median‚ mode and standard deviation for the following discrete probability distribution. |Value
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20 per kg‚ R costs 20 paisa per kg and empty bag costs 80 paisa each 4. It requires 9 minutes of direct labour time to produce and fill one bag of P. Labour cost is Rs 5 per hour. 5. Variable manufacturing costs are Rs 0.45 per bag. Fixed manufacturing costs are Rs 30‚000 per quarter. 6. Variable selling and administration expenses are 5% of sales‚ and fixed administration and selling expenses are Rs 25‚000 per quarter. 7. Stock levels are planned as follows: Beginning
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1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000‚000 gallons Dept. B 2‚000‚000 gallons Dept C 1‚500‚000 gallons Instructions: Assuming that the single-rate method is used and the allocation base is budgeted
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the Cost Volume Profit Analysis (CVP). Cost Volume Profit analysis is generally defined as a planning tool which can evaluate the effect of a change(s) in price‚ volume‚ variable cost or fixed cost on profit. In CVP analysis an attempt is made to measure the variations of cost and profit with volume. Profit as a variable is the reflection of a number of internal and external conditions which exert influence on sales revenue and costs. Accountants often perform CVP analysis to plan future levels
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Chapter: 1 Facility Location Models 1.1 Introduction Facility Location is a geographic location of manufacturing/service facilities where transformation activities from inputs into the output are performed. Selecting a location of facilities is very crucial decision not only for manufacturing unit but also for service unit. Generally it is a strategic decision and involves lot of activities. It starts from identifying the suitable locations based on certain criteria and then evaluating all locations
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control is of utmost importance to managers in order to decisions. In this study‚ we took a look at the traditional cost behavior models such as variable cost (which changes in line with activity)‚ fixed cost (which is not proportionate with the level of activity)‚ and semi- variable cost which is also known as mixed cost (which have both features of the variable and fixed cost). Furthermore‚ cost estimation techniques were also looked at and the advantages and disadvantages of each method outlined. We
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period of the term. This will give you the cost of per unit for the amount made and the amount. With the variable costing unlike the absorption costing you will use the fixed overhead‚ instead of the per-unit. The variable costing you would include all of your supplies‚ raw materials and shipping. You will need to add all of your fixed overhead for the entire period. Since this is the variable cost you will not calculate these figures on a per-unit basis‚ but a lump sum. One of the advantages
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2: If EasyFind’s variable costs are $10 per dozen‚ what is their total contribution each month at current prices? ($19 - 10) * 5‚470 = $49‚230 [+/- $1‚477] Total contribution = Unit Contribution * units sold QUESTION 3: What will be EasyFind’s new price if they choose to implement the price decrease? $19 * (1 - 20%) = $15.20 [+/- $0.46] New Price = Old Price * (1 - Price Reduction %) or New Price = Old Price - Old Price * Price Reduction% QUESTION 4: If EasyFind’s variable costs are $10 per
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Initial idea: Offer affordable sports equipment for children Products: − Used (second-hand) products − Surplus equipment from manufacturers and retailers Current situation (December 2007): − Demand has been growing steadily over the last years − The products are distributed to the U.S. customers through a single (and small) warehouse in St. Louis − The warehouse is leased on a year-to-year basis − The current network design‚ in particular the distribution network and warehouse
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regardless of how many items sold. All start-up costs‚ such as rent‚ insurance and computers‚ are considered fixed costs. Variable costs: These are recurring costs that are absorbed with each unit sold For example‚ if a company was operating a greeting card store where it had to buy greeting cards from a stationary company for $1 each‚ then that dollar represents a variable cost. As the business and sales grow‚ it can begin appropriating labor
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