MATHEMATICS COLLEGE

Packer Concrete Company pours concrete slabs for single-family dwellings. Wolff Construction Company, which operates outside Packer’s normal sales territory, asks Packer to pour 40 slabs for Wolff’s new development of homes. Packer has the capacity to build 300 slabs and is presently working on 250 of them. Wolff is willing to pay only $2,750 per slab. Packer estimates the cost of a typical job to include unit-level materials, $1,200; unit-level labor, $600; and an allocated portion of facility-level overhead, $1,000.Required:
a. Calculate the contribution to profit from the special order.

Answers

Answer 1

Answer:

Answer:

The contribution to profit from the special order us $38,000.

Step-by-step explanation:

Consider the provided information.

We need to calculate the contribution on to profit from the special order.

Wolff Construction Company, which operates outside Packer’s normal sales territory, asks Packer to pour 40 slabs for Wolff’s new development of homes. Packer has the capacity to build 300 slabs and is presently working on 250 of them. Wolff is willing to pay only $2,750 per slab.

Sale = 40 × $2,750 = $110,000

To find the profit subtract the materials and labor cost from sale amount.

Particulars Amount

Sale (40 × $2,750) $110,000

Less: Variable expense

Unit level materials (40× $1,200) $48,000

Unit level labor(40× $600) $24,000

Contribution margin $38,000

The overhead cost will not be considered while determine the contribution to profit from accepting the order of 40 slab.

Hence, the contribution to profit from the special order us $38,000.

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Find the value of n n+150+7+100=200+50+27

Answers

Answer:

Step-by-step explanation:

n+150+7+100=200+50+27

n+257 = 277

n = 277 - 257

n = 20

Answer:

Step-by-step explanation:

hope it will help goodbye.if there is any other question feel free to ask

The mean income per person in the United States is $41,500, and the distribution of incomes follows a normal distribution. A random sample of 10 residents of Wilmington, Delaware, had a mean of $47,500 with a standard deviation of $10,600. At the .01 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average? (a) State the null hypothesis and the alternate hypothesis.
H0: ? ?
H1: ? >
(b) State the decision rule for .01 significance level. (Round your answer to 3 decimal places.)
Reject H0 if t >
(c) Compute the value of the test statistic. (Round your answer to 2 decimal places.)
Value of the test statistic
(d) Is there enough evidence to substantiate that residents of Wilmington, Delaware have more income than the national average at the .01 significance level?

Answers

Answer:

A) Null Hypothesis; H0: μ = $41,500

Alternative hypothesis; H1: μ > $41,500

B) Reject H0 is t > 2.821433

C) t = 1.79

D) there is no sufficient evidence to support the claim that residents of Wilmington, Delaware have more income than the national average

Step-by-step explanation:

A) The hypotheses is given as;

Null Hypothesis; H0: μ = $41,500

Alternative hypothesis; H1: μ > $41,500

B) From online t-score calculator attached using significance level of 0.01 and DF = n - 1 = 10 - 1 = 9, we have;

t = 2.821433

Normally, when the absolute value of the t-value is greater than the critical value, we reject the null hypothesis. However, when the absolute value of the t-value is less than the critical value, we fail to reject the null hypothesis.

Thus, if t > 2.821433, we will reject the null hypothesis H0.

C) Formula for the test statistic is;

t = (x' - μ)/(s/√n)

We have, μ = 41500, x' = 47500, s = 10600, n = 10

t = (47500 - 41500)/(10600/√10)

t = 1.79

D) So, 1.79 is less than the t-critical value of 2.821433. Thus, we will fail to reject the null hypothesis and conclude that there is no sufficient evidence to support the claim that residents of Wilmington, Delaware have more income than the national average

How do I find the x and the y