What is the average waiting time

Assignment Help Accounting Basics
Reference no: EM13122551

The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool crib has a variable demand. Historically, its demand has ranged from 150 to 250 small tools per day with an average of 200. 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 2 minutes to retrieve from the bins.

What is the average waiting time, in minutes?

Reference no: EM13122551

Questions Cloud

Calculating probabilities : What is the total defect rate? I came up with 6%. A randomly selected product was defective. What is the probability that it came from Plant A?
The steps of your current writing approach. : Write a 150-to-200 word paragraph describing the steps of your current writing approach. For example, how do you approach writing an assignment for a class? In addition, outline the ways your process differs from or is similar to the writing p..
Illustrate what resource conservation techniques will you : How have you organised your personal work environment in accordance with ergonomic requirements? Illustrate what resource conservation techniques will you adopt as you plan your work activities?
Compute the non-controlling interest of demers at december : Compute the non-controlling interest in the net income of Demers at December 31, 2011. Compute the non-controlling interest of Demers at December 31, 2011.
What is the average waiting time : 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 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?
A company finds that on average 20% : Resigning Probabilities, A company finds that on average 20% of all new employees resign during their first year of employment
Illustrate what is the company total tax liability : Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios ($15 million and $20 million)?
External failure costs change : How much do external failure costs change if all changes are as anticipated with the new prevention procedures? Assume all units produced are sold and there are no ending inventories.
Is it ethical to choose a transfer price for tax purposes : Is it ethical to choose a transfer price for tax purposes that is different from the transfer price used to evaluate a business unit's performance?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Objective questions matching right answer

The pricing objective of maximizing profits: has not been affected by other, more socially focused concerns .

  Discuss main objectives of non- profit-making organisations

Discuss main objectives of non- profit-making organisations

  Eps effect of convertible preferred stock

Thrifty Co. reported net income of $465,000 for its fiscal year ended January 31, 2011. At the beginning of that fiscal year, 200,000 shares of common stock were outstanding.

  Total conversion costs for the period

All materials are added at the beginning of the process. Direct labor was $49,500 and factory overhead was $9,900. The total conversion costs for the period were:

  Trends and items of concern for the directors of fedex

Prepare an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the ..

  Information about gaap

What are Generally Accepted Accounting Principles (GAAP)? How does GAAP affect financial reporting? How does GAAP need to change to accommodate today's dynamic business environment?

  More collusion post sarbanes oxley act

Since the Sarbanes-Oxley Act of 2002, fraud from lack of internal controls has gone down. At the same time, collusion between employees and among third parties has increased.

  What happens to contribution margin per unit

Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..

  Weighted-average method

What is the distinction between equivalent units under the FIFO method and the equivalent units under the weighted-average method?

  Preparing a journal entry for carlton company

Prepare a journal entry for carlton company sells office equipment on sept.2007, for $21,000 cash. the office equipment originally cost $72,000 and as of Jan.1 2007 had accumulated deprication of $42,000. Depreciation for the first 9 months of 200..

  Weighted average costs of capital of china corporation

China Corp. has a current capital structure of $18 million in secured bonds paying 6.5% annual interest, $8 million in preferred stock with a par value of $50 per share and an annual dividend of $3.80 per share

  Probability of distress

Progressive Home Health Care Inc. is a for-profit provider of home health care services in the Pacific Northwest-Probability of distress increases with the amount of debt in the following steps:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd