Answer:
This statement is False
Explanation:
Operational inefficiencies do not occur because accounts unique to many concurrent transactions need to be updated in real time. There are many reasons for operational inefficiencies occur as a result of factors such as improper planning, poor scheduling, poor supervision and quality control, and other factors.
Answer:
Correct answer is A.
<u>$14.38 per direct labor-hour</u>
Explanation:
If the budgeted direct labor time for December is 8,000 hours, then total budgeted factory overhead per direct labor hour is (rounded):
Total budgeted factory overhead for December= Variable Factory Overhead rate per direct labor hour * budgeted direct labor time for December + Fixed Factory Overhead per month
Total budgeted factory overhead for December = 5*8000 + 75000
Total budgeted factory overhead for December = $ 115,000
Total budgeted factory overhead per direct labor hour = Total budgeted factory overhead for December/budgeted direct labor time for December
Total budgeted factory overhead per direct labor hour = 115000/8000
Total budgeted factory overhead per direct labor hour = 14.38
Answer:
We can first order the data from smallest value to largest value:
461
549
745
1500
1800
2000
3750
4795
68000
a) The mean is 9289, and the median is 1800
b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.
c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.
Answer: 5,882.5 hours
Explanation:
Cumulative Labor Hours to be planned for = Cumulative factor * Time of first unit
Cumulative Factor = Average learning rate for Number of units.
Learning rate from unit 1 to 2 = Labor hours required for 2nd unit / Labor Units required for 1st unit
= 2,250/2,500
= 0.9
Learning rate from unit 2 to 3 = Labor hours required for 3rd unit / Labor Units required for 2nd unit
= 2,120/2,250
= 0.94
Average learning rate = (0.9 + 0.94) / 2
= 0.9
= 90%
There are 6 units in total including the first units checked and the additional 3 units.
Cumulative factor for 6 units at 90% from the table is 5.101.
Cumulative labor hours = 5.101 * 2,500
= 12,752.5 hours
The time for the Addiotnal 3 units is;
= Cumulative time for all units - time for the first 3 units
= 12,752.5 - 2,500 - 2,250 - 2,120
= 5,882.5 hours
