A Plant Manager Knows That the Number of Boxes of Supplies

question 62

Multiple Choice

A plant manager knows that the number of boxes of supplies received weekly is normally distributed with a mean of 200 and a standard deviation of 20.What percentage of the time will the number of boxes received weekly be fewer than 160?

• A)2.28%
• B)57.93%
• C)42.07%
• D)4.56%

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Definitions:

Opportunity Costs

The potential benefit missed out on when choosing one alternative over another.

Conversion Cost

Conversion cost is the sum of direct labor and manufacturing overhead costs incurred to convert raw materials into finished goods.

Product Cost

The expenses incurred to create a product, including direct materials, direct labor, and manufacturing overhead.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product.