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Question - Randall Sports has collected the following information over the las six months.
Month Units produced Total costs
March 10,000 $25,600
April 12,000 26,200
May 18,000 27,600
June 13,000 26,450
July 12,000 26,000
August 15,000 26,500
Using the high-low method, what is the total fixed cost?
$23,100
$1,000
$5,600
$4,500
Create a stem-and-leaf display. Sketch a boxplot. Briefly describe this distribution. What unusual features do you see in this distribution? What might explain this?
How long does it take to reach steady state? Use simulation, with the Multi server Simulation.xlsm file, to experiment with the effect of warm-up time and run time on the key outputs.
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Based on the above information: Compute the Contribution Margin (CM), unit CM, and CM ratio
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