A job shop has received an order for high-precision formed parts. The cost of producingeach part is estimated to be $65,000. The customer requires that either 8, 9, or 10 partsto be supplied. Each good part sold will produce revenue of $100,000. However, if fewerthan 8 good parts are produced, none will be purchased; if more than 10 good parts areproduced, the excess will not be purchased. The probability of an individual part beingacceptable equals 0.85. a) Calculate the expected profit for batch production quantities of 8, 9, 10, 11, and 12. What is the optimum batch production quantity if the objective is to maximize expected profit?
b) Calculate the probability of losing money for batch production quantities of 8, 9, 10, 11, and 12. What is the optimum batch production quantity if the objective is to minimize the probability of losing money?

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

Which of the following is not an example of one of the four mail advantages of prices on a free market economy