**Franklin’s Doll Company**Franklin’s Doll Company produces handmade dolls. The standard amount of time spent on each doll is 1.50 hours. The standard cost of labor is $7.77 per hour. The company planned to make 7,400 dolls during the year but actually used 11,400 hours of labor to make 8,700 dolls. The payroll amounted to $91,884.**Required**a. Should labor variances be based on the planned volume of 7,400 dolls or the actual volume of 8,700 dolls?b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours.c. Compute the labor price variance and indicate whether it is favorable (F) or unfavorable (U).d. Compute the labor usage variance and indicate whether it is favorable (F) or unfavorable (U).---**Instructions**Complete this question by entering your answers in the tabs below.- **Req A:** Answer whether labor variances should be based on the planned or actual volume. - **Req B:** Prepare the required table with labor prices and hours. - **Req C and D:** Calculate the labor variances and indicate favorability.---**Section: Req A**Should labor variances be based on the planned volume of 7,400 dolls or the actual volume of 8,700 dolls?- Labor variances should be based on the [planned/actual] volume.[Tabs to navigate between requirements are included for structured completion of the task.]

Given: Franklin's Doll Company produces handmade dolls. The standard amount of time spent on each…

Answered: Required a. Should labor variances be…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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3. In a bar graph of qualitative data, the highest bar always corresponds to that data's А. Мean В. Median С. Мode D. Range E. Variance 4. If the data is skewed right, which of the following would you expect to be true? A. Mean > Median B. Mean < Median C. Mean = Median
Calculate and interpret relative measures of variability for the Daily Income for each of the three categories of Type of service.
A manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs and the number of units produced per batch. The recorded the data from the last 30 batches is below Batch Size Labor Cost Batch Size Labor Cost (5) 25 34 19 31 39 21 21 19 40 36 34 29 26 36 423 415 447 430 340 317 362 452 464 438 420 400 469 25 39. 25*8585& 29 31 21 36 39 29 41 35. 21 29 25 395 88888883 429 440 420 400 425 420 401 451 422 410 395 409 Determine the fixed and variable labor costs (Round your answers to the nearest cent) fixed cost 5 variable labor cost
1. The maximum number of sit-ups completed by the participants in an exercise class after 1 month of the program is given below. Construct a two-stem stem and leaf plot. 24 31 54 62 36 28 55 18 27 80 37 58 32 37 41 55 39 56 42 29 35 35 2. Find the mean, median, 20% trimmed mean, first quartile, and third quartile for the data in question 3. Show your work for credit. 3. A statistics class has 20 female students and 10 male students. Average exams score for the females is 78.5 and the average exam score for the males is 72.1. What is the average exam score of the entire class?
Department of Research and Development of Unilever Sdn Bhd has conducted a study to improve the quality of production line by measured the weight (in ounces) of 50 bars of soap. The results are as shown in Table 2(b). Table 2(b) Weight of soap 11 12 12 12 13 13 13 13 13 14 14 14 14 14 15 15 15 15 15 15 15 15 15 16 16 16 16 16 16 16 16 16 17 17 17 17 17 17 17 17 17 18 18 18 18 18 18 18 19 20 (1) Calculate the mean, standard deviation and variance. (ii) By using 6 of class interval, construct a histogram for this data.
To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, the Jacobs Chemical Company obtained the following data on the time (in minutes) needed to mix the material. Manufacturer 1 2 3 25 34 15 31 32 14 29 37 18 27 33 17 a. Use these data to test whether the population mean times for mixing a batch of material differ for the three manufacturers. Use a = 0.05. Sum of squares, treatment = Sum of squares, error = Mean squares, treatment = mean squares, error = Calculate the value of the test statistic (to 2 decimals). The P-value is: Less than 0.01, between 0.01 and 0.025, between 0.025 and 0.05, between 0.05 and 0.10, greater than 0.10 What is your conclusion? b. At the a = 0.05 level of significance, use Fisher's LSD procedure to test for the equality of the means for manufacturers 1 and 3. What conclusion can you draw after carrying out this test?
5. Dust mite allergies. Refer to Exercises 4.2 (p. 138) and 4.13 (p. 143). Each home with a dust mite level that ex- ceeds 2µg/g will spend $2,000 for an allergen air purifica- tion system. Find the mean and variance of the total amount spent by the four sampled homes. Give a range where this total is likely to fall.
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An agent for a residential real estate company in a large city has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward that goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent selects a sample of 25 apartments in a particular residential neighborhood and collects the following data: Size (square feet) Rent ($) 850 1950 1450 2600 1085 2200 1232 2500 718 1950 1485 2700 1136 2650 726 1935 700 1875 956 2150 1100 2400 1285 2650 1985 3300 1369 2800 1175 2400 1225 2450 1245 2100 1259 2700 1150 2200 896 2150 1361 2600 1040 2650 755 2200 1000 1800 1200 2750 (a) Determine the coefficient of determination, r2, and interpret its meaning. (b) Determine the standard error of the estimate (Syx).…
The estimated labor cost associated with a particular proposal is based on the number of plantings of trees, shrubs, and so on to be used for the project. For cost-estimating purposes, managers use two hours of labor time for the planting of a medium-sized tree. Actual times from a sample of 10 plantings during the past month follow (times in hours). 1.6 1.5 2.6 2.3 2.5 2.3 2.6 3.0 1.3 2.3 What is the test statistic? (Round your answer to three decimal places.) What is the p-value? (Round your answer to four decimal places.) p-value =
a) Determine the values of * and **. b) Give the unbiased point estimate for the average monthly earning from Hyundai Vehicles. c) Give the unbiased point estimate for the variance of monthly earning from Hyundai Vehicles.

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