The management of ABC Manufacturing Corporation believes that machine-hours is an appropriatemeasure of activity for overhead cost. Shown below are machine-hours and total overhead costs for thepast six months:MachineOverheadHoursCost1,5001,4001,6001,3001,7002,000JanP339,000FebP328,000P350,000P319,500P362,500P400,000MarAprMayJunUsing linear regression analysis, the estimated variable overhead cost per machine hour is closestto:P50.22P2.87P116.38P102.76

Name: The management of ABC Manufacturing Corporation believes that machine
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: The management of ABC Manufacturing Corporation believes that machine-hours is an appropriatemeasure of activity for overhead cost. Shown below are machine-hours and total overhead costs for thepast six months:MachineOverheadHoursCost1,5001,4001,600

Given Information: Machine(x) Over head cost(y) x^2 xy Jan 1500 339000 2250000 508500000…

Math

Statistics

аppropriate management measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: turing Corporation Jan Feb Mar Аpr May Machine Hours 1,500 1,400 1,600 1,300 1,700 2,000 Overhead Cost P339,000 P328,000 P350,000 P319,500 P362,500 P400,000 Jun

аppropriate management measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: turing Corporation Jan Feb Mar Аpr May Machine Hours 1,500 1,400 1,600 1,300 1,700 2,000 Overhead Cost P339,000 P328,000 P350,000 P319,500 P362,500 P400,000 Jun

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost = $3,000 Material cost per unit = $0.15 Labor cost per unit = $0.10 Revenue per unit = $0.65 Production Volume = 12,000 Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all it produces, build a spreadsheet model that calculates the profit by subtracting the fixed cost and total variable cost from total revenue, and answer the following questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = total cost, yielding a profit of zero. Vary production volume from 5,000 to 50,000 in increments of 5,000. In which interval of production volume does breakeven occur? to units
A firm faces the following total revenue and total cost functions: TR = 150 - 0.20² and TC = 60 + 0.1Q + 0.05Q². Determine the profit maximising level of output. 39.8 19.8 20.8 29.8
Arrange a plan to order from the supplier using Part Period Balancing and Least Unit Cost method. Ordering lead time of the components is 1 period. Then Calculate the total cost of each method.
Jester's Deli sells 640 sandwiches at a price of $8 each. A market survey shows that for every $0.10 reduction in price, 40 more sandwiches will be sold. Let x represent the number of $0.10 reductions.
Suppose you are the marketing manager of a firm, and you plan to introduce a new product to the market. You have to estimate the first year net profit, which depends on several variables • Sales volume (in units) • Price per unit • Unit cost . Fixed costs Your net profit is net profit = sales volume x (price per unit-unit cost) - fixed cost The fixed cost is $120, 000, but other factors have some uncertainty. Based on your market research, there are equal chance that the market will be slow, ok, or hot. • Slow market the sales volume follows Poisson distribution with mean 50,000 units product, and the average price per unit is $11.00 ● Ok market the sales volume follows Poisson distribution with mean 75,000 units product, the average price per unit is $10.00 Hot market: the sales volume follows Poisson distribution with mean 100,000 units product, but the competition is severe so you expect the average price per unit is just $8.00 No matter what the market type is, your average unit…
I need the answer as soon as possible
(2) A retailer determines that the cost of ordering and storing units of a product can be modelled by
Example 12.8. A firm uses milling machines, grinding machines and lathes to pro- duce two motor parts. The machining times required for each part, the machining times avail- able on different machines and the profit on each motor part are given below : Machining time reqd. for the motor part Max. time available per Type of machine (mts) week (minutes) I II 10 2,000 Milling machines Grinding machines Lathes. 2 900 12 3,000 Profit/ unit (Rs.) 100 40 Determine the number of parts I and II to be manufactured per week to maximize the profit. د ه
6. The start up are running business and want to minimize equipment expenses. For a particular piece of equipment, the costs can be broken into initial outlays to buy the equipment, fixed annual expenses to keep the equipment in the inventory, and repair costs which we anticipate rising as the equipment gets older. A widget press costs 10,000B to buy, and the operating expenses are 500 per year, and the total repair costs are 300t² over the first t years. What is the optimal length of time to use a widget press before replacing it? You should shown your answer algebraically and graphically.
A factory works 8 hours a day, producing three products namely A, B and C. each of these products is processed in three different operations namely 1, 2 and 3. The processing times in minutes for each of these products in each of the operations are given below along with utilization of the processes and the cost and price in kwachas for each of these three products which have unlimited demand. Product Processing time (mins) in operation Cost/unit Price/unit 1 3 (K) (K) 1 10 16 2 1 4 10 Utilisation 80% 70% 90% Formulate a linear programming model for this problem Detemine the optimal product mix using the simplex method. iii. Give the interpretations for the values obtained in the final simplex table 529 ABC
Replace the March demand forecast 510 by C. During a 46-day period when there were 120 workers, the firm produced 1,700,000 cookies. Assume that there are 100 workers employed, and C cookies in inventory at the beginning of month 1 (January). Further assume that the inventory carrying cost cI = $0.10/cookie/month, employee hiring cost cH = $100/work, and cost of firing one worker cF = $200/worker. It is required that the inventory level at the end of month 12 (December) is 2C. use the Constant workforce plan (level strategy): Find the minimum constant workforce needed to meet all monthly demands (i.e, back order not allowed). Computer the total cost including employee hiring or firing cost (which occurs only at the beginning of month 1), and inventory carrying cost.