Buckeye Company has provided the following data for maintenance cost: Prior YearCurrent Year
Machine Hours12,50015,000
Maintenance Cost$27,000$31,000

Using the high-low method, what is the cost formula for maintenance cost?

A) $7,000 per year plus $0.625 per machine hour.
B) $21,625 per year plus $0.625 per machine hour.
C) $7,000 per year plus $1.60 per machine hour.
D) $27,000 per year plus $1.60 per machine hour.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?