Analysis of profit for a business unit of a manufacturing plan came up with the following...
- Analysis of profit for a business unit of a manufacturing plan came up with the following probability distribution for profit. What is the expected value of the profit?
|
Profit |
Probability |
|
175000 |
0.2 |
|
225000 |
0.4 |
|
275000 |
0.3 |
|
325000 |
0.1 |
- $225,000
- $240,000
- $250,000
- $280,000
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Analysis of profit for a business unit of a manufacturing plan
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ABC Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: Direct materials: 2 lb. at $7.50 per lb. $15.00 Direct manufacturing labor: 0.3 hour at $90 per hour $27.00 The number of finished units budgeted for January 2017 was 20,000; 15000 units were actually produced. Actual results in January 2017 were as follows: Direct materials used: 2.2 lb. x 15,000 = 33,000 lbs @ $7.00/lb. Direct manufacturing...
pls
help!!!thx
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