Select choice that states the strengths and weaknesses of the visual-fit methods.OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome andtherefore not a very popular method.OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of errorgreater.OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the lineOD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relevrelevant, and in turnskewing the data.

SOLUTION: A) The visual fit method is a easy to apply amd illustrates mathematically how a change in…

Answered: Select choice that states the strengths…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Of the list of KPIs shown below, indicate which would be considered to be marketing performance KPIs, and which would not be. ΚΡΙ 1. Conversion Rate 2. Cost per Lead 3. Page Views and Bounce Rate 4. Process Waste Level 5. Employee Satisfaction Index 6. Brand Equity 7. Customer Online Engagement Level 8. Order Fulfilment Cycle Time Marketing Performance KPI? Yes No
Q1 (a) Looking at the Sensitivity table above explain briefly by answering if the demand by any of these the classes is not satisfied. (b) Write down how many bookings the hotel should accept in each rental class?
A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor. Step 1 : Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.
A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order 4 Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor.a) Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.b) It is time to review the item. On-hand inventory is 40 mixers; receipt of 440mixers is scheduled, and no backorders exist. How much should bereordered?c) What is the target inventory level, T?d) What is the total annual cost of the P system?
A summary of total charges from a small café's natural gas bills is provided below: Month KJ Cost October 14 $187 November 17 187 December 30 230 January 35 264 February 33 270 20 200 March Using regression analysis, the expected cost at 40 kJ would be a. $296 b. $285 c. $102 d. $162
The student develops at least one thorough and detailed recommendation for each ratio that is appropriate for the Barry Computer Company to improve financial performance over time (over the next 3–5 years to meet industry standards). Student provides a thorough and detailed assessment of limitations of the exclusive use of ratio analysis for evaluating financial performance, including any qualitative factors that could also complement the ratio analysis and play an important role in improving financial performance.
You have 10 identical cartons each holding 10 water bottles. All bottles weigh 10 oz. each, except for one defective carton in which each of the 10 bottles weighs on 9 oz. only. A scale is available for weighing. (a) Suggest a method for locating the defective carton. *(b) What is the smallest number of times the scale is used that guarantees finding the defective carton? (Hint: You will need to be creative in deciding what to weigh.)
De Mar’s Product Strategy. De Mar is a repairing company that is located in Fresno California. This is an operating company that operates24hours a day 7 days a week including holidays that focuses on repairing plumbing, heating, and air conditioning. De Mar’s objective is it should fix all problems a consumer has at the exact time that the consumer wants it done. De Mar provides consumers with year long quality work through their labour and materials used to fix problems. The owner of De Mar, Larry Harmon, insists that the company should focus on consumer needs instead of its own revenue. Although Harmon feels strongly about consumer needs instead of revenue De Mar has high prices and given the time-span of 8 years moved from making $200,000 to $3.3million. In order for the company to achieve its product strategy De Mar uses teamwork, peer pressure and promotion. Though De Mar is a successful company it suffers from three problems which are its marketing strategy, management of…
The data shown are quarterly revenues (in Sthousands) from Roget's Books from 2013-Q1 through 2020-Q2. 6. Quarter 2013-1 2013-2 2013-3 2013-4 2014-1 2014-2 2014-3 2014-4 2015-1 2015-2 2015-3 2015-4 2016-1 2016-2 2016-3 2016-4 2017-1 2017-2 2017-3 2017-4 Revenue 2372 2740 2518 4708 2392 Quarter 2018-1 2018-2 2018-3 2018-4 2019-1 2019-2 2019-3 2019-4 2020-1 2020-2 Revenue 2725 2924 3118 5112 2777 2949 1:27:04 2811 2685 4795 2812 2893 2848 4894 2687 2903 2674 4871 2844 2933 3237 5350 3035 3028 2791 5252 Click here for the Excel Data File, Data file should open in a new browswer window. Select "File" then "Save As" to download the file to your computer and be able to use it in Excel. a. Determine the regression equation. Regression equation: ŷ = | (Round to 1 decimal places.) b. Determine the specific index for each quarter places.) dexes should be in decimal form (e.g. 1.36 not 136). Rounded to 2 decimal Quarter Quarterly Index Q1 Q2 Q3 Q4 c. What are the estimated sales (forecast) for…
A pasta entree costs $1.18 per portion. The spice factor is 3.5%; the Q factor is $1.15. what is the True Cost per Portion for this entree? (Round to the penny, do not include the $ sign.) Skip QuestionCommentFlag Question
Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Winter Park Probability for Dayton 1% 3% 5% .70 .20 .10 .30 .30 .40 Kellogg orders 10,000 tests per order. A defective Breathalyzer test set can be repaired for $0.50. When determining the costs for each branch (Decision Tree), utilize the number per order (*) the percent defective (*) the repair cost. a. What is the EMV for Winter Park? $ [Select ] b. What is the EMV for Dayton? $$127 c. What choice should Deborah Kellogg make? [Select] >
QUESTION 3 Samoto Limited (SL) relies on an external supplier for production capacity. In order to gain access to a certain level of production capacity, SL will have to commit to an annual contract before the start of the operating period. The contract will stipulate the production capacity entitlement of SL. SL has a choice of three contracts: Contract Mega, Contract Upper, and Contract Soso. Regardless of the choice of contract, the company will be subject to three states of nature: high demand, medium demand and low demand. The net profits generated by each of the contracts under the three states of nature are as follows: Net profit (£000) Medium demand High demand Low demand Contract Mega Contract Upper Contract Soso 20,000 17,000 16,500 15,500 16,000 15,000 11,000 12,000 13,000 The probabilities of the states of nature are as follows: High demand Medium demand Low demand 25% 45% 30% Probability

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS