Aclassic question of logic is: which came first, the chicken or the egg? in this class, we might adapt that question for exploring the various probability distributions we’ve seen this week and last week. many things we analyze as engineers can be best understood as manifestations in the world of the probabilities these distributions describe. knowing the appropriate descriptive distribution allows us to make predictions about what has happened, or will happen, in the world. discuss how you would explain to a non-engineering manager why, when, and how you would make use of these distributions in order to solve a problem or address an opportunity. what would you need to start, and what you have after your analysis?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement