Gubser Welding Inc. operates a welding service for construction and automotive repair jobs. Assume that the arrival of jobs at the company's office can be described by a Poisson probability distribution with an arrival rate of two jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 3.2 hours and a standard deviation of 2 hours. Answer the following questions, assuming that Gubser uses one welder to complete all jobs: a. What is the mean arrival rate in jobs per hour? b. What is the mean service rate in jobs per hour? c. What is the average number of jobs waiting for service? d. What is the average time a job waits before the welder can begin working on it? e. What is the average number of hours between when a job is received and when it is completed? f. What percentage of the time is Gubser's welder busy?

Gubser Welding Inc. operates a welding service for construction and automotive repair jobs. Assume that the arrival of jobs at the company's office can be described by a Poisson probability distribution with an arrival rate of two jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 3.2 hours and a standard deviation of 2 hours. Answer the following questions, assuming that Gubser uses one welder to complete all jobs: a. What is the mean arrival rate in jobs per hour? b. What is the mean service rate in jobs per hour? c. What is the average number of jobs waiting for service? d. What is the average time a job waits before the welder can begin working on it? e. What is the average number of hours between when a job is received and when it is completed? f. What percentage of the time is Gubser's welder busy?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C $83,087.40 $73,001.40 322,364.00 276,958.00 486,676.00 Estimated average income $45,130.96 Average investment Oa. Machine B Ob. Machine C Oc. Machine A Od. Machines B and C have the same preferred average rate of return.
Oakwood Creations Company makes decorative candle pedestals. An industrial engineer consultant developed ideal time standards for one unit of the Berkley model pedestal. The standards follow, along with the cost accountant's determination of current labor pay rates: Worktype 1 Worktype 2 Worktype 3 0.18 hour @ $12.31 per hour 0.32 hour @ $10.89 per hour 0.62 hour @ $19.65 per hour Required: a. Using the preceding data, calculate the direct labor cost for a Berkley model pedestal. b. Would it be appropriate to use the cost calculated in part a as a standard cost for evaluating direct labor performance and valuing inventory? Complete this question by entering your answers in the tabs below. Required A Required B Would it be appropriate to use the cost calculated in part a as a standard cost for evaluating direct labor performance and valuing inventory? Would it be appropriate to use the cost calculated in part a as a standard cost for evaluating direct labor performance and valuing…
Horton Manufacturing Incorporated produces blinds and other window treatments for residential homes and offices. The owner is concerned about the maintenance costs for the production machinery because maintenance costs for the previous fiscal year were higher than he expected. The owner has asked you to assist in estimating future maintenance costs to better predict the firm's profitability. Together, you have determined that the best cost driver for maintenance costs is machine hours. The data from the previous fiscal year for maintenance costs and machine hours follow: Month Maintenance Costs Machine Hours $ 2,695 2,740 2,790 2,890 2,925 3,025 2,935 1 2 3 4 56789012 10 11 2,975 2,850 2,640 2,660 2,960 Maintenance cost 1,620 1,730 1,745 1,795 1,790 1,890 1,810 1,845 1,835 1,480 1,690 1,495 Required: 1. Use the high-low method to estimate the fixed and variable portions for maintenance costs. (In your calculations, round "slope (uni variable cost)" to 4 decimal places. Enter the "slope…
Cozy, Inc., manufactures small and large blankets. It estimates $350,000 in overhead during the manufacturing of 75,000 small blankets and 25,000 large blankets. What is the predetermined overhead rate if a small blanket takes 1 machine hour and a large blanket takes 2 machine hours?
If Toyota Motor Company receives an order on May 1, begins production on May 19, and ships the order on May 24 immediately following production, then what is the manufacturing cycle efficiency (MCE) ratio? (Enter your answer as a whole number.) Manufacturing cycle efficiency (MCE)atio %
Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $5,154,500 and materials costs were $34 per unit. Planned production included 5,408 hours to produce 16,900 motor drives. Actual production for August was 1,820 units, and motor drives shipped amounted to 1,400 units. Conversion costs are applied based on units of production From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August. Oa. $555,100 Ob. $556,954 Oc. $235,349 Od. $128,100
Cozy, Inc., manufactures small and large blankets. It estimates $303,263 in overhead during the manufacturing of 80,487 small blankets and 85,543 large blankets. What is the predetermined overhead rate per machine hour if a small blanket takes 4 machine hour and a large blanket takes 1 machine hours? Round to the nearest penny, two decimal places.
A computer printer in a large administrative office has a printer buffer (memory to store printing jobs) capacity for 3 jobs. If the buffer is full when a user wants to print a file, the user is told that the job cannot be printed and to try again later. There are so many users in this office that it can be assumed that there is an infinite calling population. Jobs arrive at the printer at a Poisson rate of 55 jobs per hour and take an average of 1 minute to print. Printing times are exponentially distributed. What is the probability that a computer user will be told to resubmit a print job at a later time? Group of answer choices 0.0232 0.0399 0.1668 0.2362 0.7638 a number different from all the above How long does a computer user have to wait for their job to be completed? Keep two decimals after rounding for your answer Group of answer choices 1.39 minutes 2.39 minutes 6.72 minutes 8.32 minutes 10.00 minutes 14.17 minutes a number (in minutes) different from all the above Suppose…
Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R-squared Number of observations X coefficient Month July August September October November December The regression output was based on the following data: Number of Color Copy Color Copies 25,900 23,000 19,550 18, 150 22,150 20,400 30.874686 0.970922 Req 1 6 0.081144 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y= a + bx. Req 2 Variable cost Department Costs $…
Green Shade manufactures insulated windows. The firm’s repair and maintenance (R&M) cost is mixed and varies most directly with machine hours worked. The following data (on the attached picture) have been gathered from recent operations: a. Use the high–low method to estimate a cost formula for repairs and maintenance. b. Use least squares regression to estimate a cost formula for repairs and maintenance. c. Does the answer to part (a) or to part (b) provide the better estimate of the relation ship between repairs and maintenance costs and machine hours? Why?
Prakesh Company has the following data for one of its manufacturing cells: Maximum units produced in a month: 62,500 units Actual units produced in a month: 56,250 units Hours of production labor in one month: 10,000 hours Required: 1. Compute the theoretical cycle time. Round your answer to the nearest whole minute.fill in the blank 1 minutes per unit 2. Compute the actual cycle time. Round your answer to the nearest whole minute.fill in the blank 2 minutes per unit 3. Compute the theoretical velocity. Round your answer to the nearest whole unit.fill in the blank 3 units per hour 4. Compute the actual velocity. Round your answer to the nearest whole unit.fill in the blank 4 units per hour
Consider a production process where flowers are grown (the output) using gardeners (labor) and greenhouses (capital). The quantity of flowers grown per day with various combinations of labor and capital are shown in the table below. Suppose that each gardener is paid $220 per day and the greenhouse is rented for $500 per day. Fill in total cost in the table below. (Enter your responses as integers.) Labor Capital Output Total Cost 0 1 0 $nothing 1 1 80 nothing 2 1 240 nothing 3 1 320 nothing 4 1 360 nothing 5 1 380 nothing