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Differentiate between biased error and unbiased error.
(Solved)
Differentiate between biased error and unbiased error.
Date posted:
May 19, 2021
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Answers (1)
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The cost functions of Emmax ltd. is partly constant and partly varies with the number of units produced. During the months of September and October...
(Solved)
The cost functions of Emmax ltd. is partly constant and partly varies with the number of units produced. During the months of September and October 2011, the data for Emmax ltd was as follows.
Date posted:
May 19, 2021
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Answers (1)
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A trader estimates that sales for the coming year from four to his outlet stores will be Sh. 950,000, Sh. 1,200,000, Sh. 1,500,000, and Sh....
(Solved)
A trader estimates that sales for the coming year from four to his outlet stores will be Sh. 950,000, Sh. 1,200,000, Sh. 1,500,000, and Sh. 900,000 respectively. The traders sales estimates are correct to Sh. 10,000. The associated costs of production are also uncertain and are estimated as follows:
Date posted:
May 19, 2021
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Answers (1)
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The revenue and cost functions of Midland Company Ltd. are quadratic in nature. The following data was obtained from the company's records.
(Solved)
The revenue and cost functions of Midland Company Ltd. are quadratic in nature. The following data was obtained from the company's records.
Date posted:
May 17, 2021
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Answers (1)
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Faidika limited deals in the manufacture of product X. The variable cost of production per unit of product X is Sh. 2 whereas the fixed...
(Solved)
Faidika limited deals in the manufacture of product X. The variable cost of production per unit of product X is Sh. 2 whereas the fixed cost is Sh. 15,000. It has been estimated that if the unit selling price of product X is set at Sh. 4.40, the sales volume will be 7,500 units whereas if the unit selling price of product X is set at Sh. 4.00, the sales volume will be 11,000 units.
Required.
i) The budgeted profit for each of the above set selling prices.
ii) The break-even point for each of the above set selling prices.
iii) The margin of safety for each of the above set selling prices.
iv) The break even chart for the price of Sh. 4.40 per unit for production levels of 0,5,000 and 10,000 units of X.
Date posted:
May 17, 2021
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Answers (1)
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The cost accountant of Kalnet manufacturing ltd. has determined that the total cost and revenue functions vary according to the units produced and sold in...
(Solved)
The cost accountant of Kalnet manufacturing ltd. has determined that the total cost and revenue functions vary according to the units produced and sold in a curvilinear nature. The following table shows the production in units and the associated total revenue and costs.
Date posted:
May 17, 2021
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Answers (1)
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The total manufacturing cost function of Mangwe limited is quadratic in nature and passes through the following points.
(Solved)
The total manufacturing cost function of Mangwe limited is quadratic in nature and passes through the following points.
Date posted:
May 17, 2021
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Answers (1)
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Express link ltd. makes postage stamps for international communication. The office expenses are Sh. 540,000 per annum and each stamp costs Sh. 280 to produce....
(Solved)
Express link ltd. makes postage stamps for international communication. The office expenses are Sh. 540,000 per annum and each stamp costs Sh. 280 to produce. The company could produce and sell twice as many stamps next year as this year. This would reduce the unit cost of a stamp by Sh. 18. Each stamp sells for Sh. 360.
Required.
i) Number of postage stamps expected to be produced by Express link ltd. this year.
ii) The expected increase in profits next year.
Date posted:
May 17, 2021
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Answers (1)
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Richard Kashero divided his savings as follows:
Wife 30%, first son 25%, second son and daughter 15% each, youngest son 50% of the reminder and the...
(Solved)
Richard Kashero divided his savings as follows:
Wife 30%, first son 25%, second son and daughter 15% each, youngest son 50% of the reminder and the rest to his younger brother who received Sh. 60,000.
Required.
The amount of money received by each of the above beneficiaries.
Date posted:
May 17, 2021
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Answers (1)
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The demand for oranges in a local market is 400 units when the unit price is Sh 10 and 480 units when the unit price...
(Solved)
The demand for oranges in a local market is 400 units when the unit price is Sh 10 and 480 units when the unit price is Sh 8.
Required.
i) A linear demand functions for oranges
ii) The unit price of oranges when demand is 160 units.
Date posted:
May 17, 2021
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Answers (1)
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Manjewa limited manufactures and sells a premium type of cooking oil known as 'Lamusa'.
The marketing department of the company has been monitoring the demand and...
(Solved)
Manjewa limited manufactures and sells a premium type of cooking oil known as 'Lamusa'.
The marketing department of the company has been monitoring the demand and supply pattern of 'Lamusa'.
Date posted:
May 17, 2021
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Answers (1)
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Toplink ltd manufactures metallic cups and plates. The cost of making 80 cups and 50 plates is Shs 14,000, while the cost of making 30...
(Solved)
Toplink ltd manufactures metallic cups and plates. The cost of making 80 cups and 50 plates is Shs 14,000, while the cost of making 30 cups and 70 plates is Shs 7,300.
Toplink ltd. makes a profit of 30% and 40% on each cup and plate respectively.
Required:
i) The cost of making a cup and a plate
ii) The selling price of a cup and a plate.
Date posted:
May 17, 2021
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Answers (1)
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Citing an example in each case, distinguish between 'factorials' and 'permutations' as used in counting techniques.
(Solved)
Citing an example in each case, distinguish between 'factorials' and 'permutations' as used in counting techniques.
Date posted:
May 17, 2021
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Answers (1)