The variable costs per unit
A firm expects to sell 27,000 units of its product at $12 per unit. Pretax income is predicted to be $70,000. If the variable costs per unit are $5, total fixed costs must be?
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Kermit Enterprises has collected the following data on one of its products: Direct materials standard (4 lbs.@ $1.00/b.) $4per finished unit.
An engineer in charge of process improvement wants to study the relationship between the total number of hours of training that an operator has received (X is the independent variable) and the time in minutes that the operator requires to produce
Suppose Kaplan (as the sole owner of Sky Air) is considering the purchase of a company jet for executive rather than for commercial use. The cost of the jet is $5,000,000.
Bradford Company budgeted 4,200 pounds of material costing $5.4 per pound to produce 2,100 units. The company actually used 6,500 pounds that cost $5.5 per pound to produce 2,100 units.
Explain the statistical analysis (HINT: DEFINE A CORRELATION/REGRESSION). What is the dependent variable? What is the independent variable(s)? What level of measurement are the IV(s) and DV?
Next year's sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $9 and $11, respectively.
Compute the budgeted cash payments for Iguana. Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 5 linear feet of bamboo, which costs $2.00 per foot.
A random sample of 30 students was selected, and the following values were recorded. sample mean = 103 sample standard deviation = 10.83 Is this sample significantly different than the population? State the null and alternative hypothesis.
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