The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool cri
b has a variable demand. Historically, its demand has ranged from 320 to 570 small tools per day with an average of 445. Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 1 minute to retrieve from the bins.
What is the average waiting time, in minutes?
6.4， 5.4， 7.4， 1？
What is the average waiting time, in minutes?
6.4， 5.4， 7.4， 1？
1 answer:
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Answer:
$600 unfavorable
Explanation:
The budgeted cost of producing 14,000 units at $5.50 per unit and with fixed costs of $19,400 is:
The variance is given by subtracting the budgeted cost by the actual cost ($97,000):
Since the variance is negative, the variance is unfavorable
Answer:
The correct response is "6.71 years".
Explanation:
The given values are:
Loan amount
= $30 Million
Loan payment per year
= $5 Million
Interest rate
R = 3%
Let,
The take number of years will be "n".
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On taking log both sides, we get
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