2.. M. Chain was to manufacture 1,000 chain saws next month. Its accountant has provided the following analysis of the total manufacturing costs.
Variable | Coefficient | Standard Error | t-Value |
Constant | 200 | 143.88 | 1.39 |
Predictor Variable | 400 | 183.49 | 2.18 |
r2 = 0.71
What is the estimated cost of producing the 1,000 chain saws?
Select one:
A. $18,000
B. $284,142
C. $400,200
D. $9,000
E. $200,400
3.The demand for Ballard's Glass Company's products varies, ranging from 10 to 20 windows a day with an average of 15. John Ballard is the only worker and he works a maximum of eight hours a day, five days a week. Each order is one window, and each window takes 26 minutes to install. The company plans to add doors to its product line and anticipates selling an average of 5 doors per day. Each door takes 12 minutes to install. What is the average waiting time if Ballard is the only worker?
Select one:
A. 410.0 minutes
B. 38.0 minutes
C. 181.0 minutes
D. 112.4 minutes
E. 523.4 minutes3.
Hello,
Are you able to show work for both questions?
Thanks,
1. $400,200 is the estimated cost of producing the 1000 chain saws, calculations mentioned below:
Estimated cost = 200+400*1000
= 400,200
2. Waiting time = (15 * (26)^2) + (5+ (12)^2) / {2 * [480(minutes per day) - (15 * 26) - (5 * 12)]}
= 10860/60
= 181 minutes.
1. Option C is the correct answer which is $400,200.
2. Option C is the correct answer which is 181 minutes.
2.. M. Chain was to manufacture 1,000 chain saws next month. Its accountant has provided the...