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You are trying to set the selling price to one of your company’s products and there are three prices under consideration. They are sh.4.00, sh. 4.30 and sh. 4.40 per product.
The following information is also available.
Conditions Alternative prices
Sh. 4.00 Shs. 4.30 Shs. 4.40
Best possible 16,000 14,000 12,500
Most likely 14,000 12,500 12,000
Worst possible 10,000 8,000 6,000
Advice the company on the best price to charge using:
i. Maximin method
ii. Minimax regret criterion (12 Marks)
The following information is also available.
Conditions Alternative prices
Sh. 4.00 Shs. 4.30 Shs. 4.40
Best possible 16,000 14,000 12,500
Most likely 14,000 12,500 12,000
Worst possible 10,000 8,000 6,000
Advice the company on the best price to charge using:
i. Maximin method
ii. Minimax regret criterion (12 Marks)
find the value of common radius which is 4 of the ball bearings
a) In his study of: “the impact of budgets on people” C Argyris reported the following comment by a financial controller on the practice of participation in setting budgets in his company:
“We bring in the supervisors of budget areas, we tell them that we want their frank opinion, but most of them just sit there and nod their heads. We know they are not coming out with exactly what they feel. I guess budget scares them”.
Explain why managers may be reluctant to participate fully in setting budgets, indicating the negative side effects, which may arise from the imposition of budgets by senior management
“We bring in the supervisors of budget areas, we tell them that we want their frank opinion, but most of them just sit there and nod their heads. We know they are not coming out with exactly what they feel. I guess budget scares them”.
Explain why managers may be reluctant to participate fully in setting budgets, indicating the negative side effects, which may arise from the imposition of budgets by senior management
Watt Lovell Ltd. (WLL) is trying to decide whether or not to drill for oil on a particular site in North Eastern Kenya. The Chief Engineer has assessed the probabilities that there will be oil as follow, based on past experience.
Oil 0.2
No oil 0.8
It is possible for WLL to hire a firm of international consultants to carry out a complete survey of the site. WLL has used the firm many times before and has made the following estimates:
1. If there really is oil, then there is a 95% chance that the report will be favourable.
2. If there is no oil then there is only a 10% chance that the report will indicate that there is oil.
The following additional information is also provided:
• The cost of drilling is Sh.10 million.
• The value of the benefits if oil is found is Sh.70 million
• The cost of obtaining information is Sh.3 million.
Required:
Advise the company on whether to acquire additional information from the consultants
Oil 0.2
No oil 0.8
It is possible for WLL to hire a firm of international consultants to carry out a complete survey of the site. WLL has used the firm many times before and has made the following estimates:
1. If there really is oil, then there is a 95% chance that the report will be favourable.
2. If there is no oil then there is only a 10% chance that the report will indicate that there is oil.
The following additional information is also provided:
• The cost of drilling is Sh.10 million.
• The value of the benefits if oil is found is Sh.70 million
• The cost of obtaining information is Sh.3 million.
Required:
Advise the company on whether to acquire additional information from the consultants
Calculate how long it takes the Bus to complete a Journey if it leaves Point A on Friday, 11:50 and arrives at Point B, the next day (Saturday) at 07:20. The Average Speed of the Bus is 85km/h
SMNF is a regular triangular pyramid. SO (height)=6cm. Measure of the SEO angle is 60 degrees. Find: MF, apothem SE, total area of pyramid, volume of pyramid and the area of the SME triangle.
https://docs.google.com/drawings/d/1lB1C5bVx0ffa-QMdn5_jty58NssietYAFYhtdQDPLfY/edit?usp=sharing
https://docs.google.com/drawings/d/1lB1C5bVx0ffa-QMdn5_jty58NssietYAFYhtdQDPLfY/edit?usp=sharing
chem co manufactures a single product product W and have provided you with the following information which relates to the period which has just ended
Standard cost per unit of product W
Materials Price per kilo total
Kilos $ $
F 15 4 60
G 12 3 36
H 8 6 48
35 144
Labour: Rates per hour
Hours $
Department P 4 10 40
Department Q 2 6 12
196
Budgeted sales for the period are 4,500 units at $ 260 per unit There were no budgeted opening or closing inventories of product W.
actual materials and labour used was as follows
Materials price per kilo total
Kilos $ $
F 59,800 4.25 254,154
G 53,500 2.80 149,800
H 33,300 6.40 213,120
Labour hours rate per hour
Department P 20,500 10.60 217,300
Department Q 9.225 5.40 51.660
4,100 units of product were produced and sold for $1,115,800.
Calculate the following variances
Material price
material Mix
Material usage
Standard cost per unit of product W
Materials Price per kilo total
Kilos $ $
F 15 4 60
G 12 3 36
H 8 6 48
35 144
Labour: Rates per hour
Hours $
Department P 4 10 40
Department Q 2 6 12
196
Budgeted sales for the period are 4,500 units at $ 260 per unit There were no budgeted opening or closing inventories of product W.
actual materials and labour used was as follows
Materials price per kilo total
Kilos $ $
F 59,800 4.25 254,154
G 53,500 2.80 149,800
H 33,300 6.40 213,120
Labour hours rate per hour
Department P 20,500 10.60 217,300
Department Q 9.225 5.40 51.660
4,100 units of product were produced and sold for $1,115,800.
Calculate the following variances
Material price
material Mix
Material usage
Dench manufacturing has received a special order from Sands to produce 225components to be incorporated into Sand's product. The components have a high cost,due to the expertise required for their manufacture. Dench produces the components in batches of 15, and as the ones required are to be custom made to Sands' specifications, prototype' batch was manufactured with the following costs:
Materials $
4kg of A, $ 7.50/kg 30
2kg of B, $ 15kg 30
Labour
20 hrs skilled, $ 15/hr 300
5 hrs semi-skilled, $8/hr 40
Variable overhead 100
25 labour hours, $ 4/hr 500
Required
Prepare the cost estimate, assuming an 80% learning rate is experienced. (10 Marks)
Briefly discuss some of the factors that can limit the use of learning curve.
Materials $
4kg of A, $ 7.50/kg 30
2kg of B, $ 15kg 30
Labour
20 hrs skilled, $ 15/hr 300
5 hrs semi-skilled, $8/hr 40
Variable overhead 100
25 labour hours, $ 4/hr 500
Required
Prepare the cost estimate, assuming an 80% learning rate is experienced. (10 Marks)
Briefly discuss some of the factors that can limit the use of learning curve.
Evaluate lim x →3 [(√3x)-3] / [(√2x-4)-(√2)]
Determine the interval on which the given function is continuous
f(x)={sin1/x if x≠0, 0 if x=0
f(x)={sin1/x if x≠0, 0 if x=0
