Question
1. A manufacturer of precision machine parts produces shafts for use in the construction of drill presses. The average diameter of a shaft is 0.56
1. A manufacturer of precision machine parts produces shafts for use in the construction of drill presses. The average diameter of a shaft is 0.56 centimeter. Inspection samples contain six shafts each. The average of these samples is 0.006 centimeter.
Determine the upper and lower x-bar control chart limits UCL and LCL.
2. John has been asked to determine whether the $22.50 cost of tickets for the community dinner theater will allow the group to achieve break-even and whether the 175 seating capacity is adequate. The cost for each performance of a 10-performance run is $2,500.
The facility rental cost for the entire 10 performances is $10,000. Drinks and parking are extra charges and have their own price and variable costs, as shown below:
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Selling Price (P) | Variable Cost (V) | Percent Variable Cost (V/P) | Contribution 1- (V/P) | Sales Units | Dollar Sales (Sales x P) | Percent of sales | Contribution Weighted By Precent Sales (Col 5 x Col 8) | |
Tickets | $22.50 | $10.50 | 0.467 | 0.533 | 175 | $3938 | 0.741 | 0.395 |
Drinks | $5.00 | $1.75 | 0.350 | 0.650 | 175 | $875 | 0.165 | 0.107 |
Parking | $5.00 | $2.00 | 0.400 | 0.600 | 100 | $500 | 0.094 | 0.056 |
Total | 450 | $5313 | 1.000 | 0.558 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started