Afirm is weighing three capacity alternatives: small, medium, and large job shop. whatever capacity choice is made, the market for the firm's product can be "moderate" or "strong." the probability of moderate acceptance is estimated to be 40 percent; strong acceptance has a probability of 60 percent. the payoffs are as follows. small job shop, moderate market = $24,000; small job shop, strong market = $54,000. medium job shop, moderate market = $20,000; medium job shop, strong market = $64,000. large job shop, moderate market = -$2,000; large job shop, strong market = $96,000. which capacity choice should the firm make?

Why do police officers get paid less than professional baseball players?

Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?