question 41
Multiple Choice
Use the data given below to answer the following questions) .
Following is an extract from the Cost per Order Database of Grogtes LLC. Item Category Nuts Screws Nuts Screwdriver Nuts Screws Nuts Nuts Nuts Screws Nuts Screws Screws Nuts Nails Bolts Screws Screwdriver Screwdriver Bolts Nuts Bolts Screws Screws Screws Screws Bolts Nuts Screwdriver Nuts Screws Nailgun pack Item ID N101 S101 N102SD101N102S102N101N102N101S103N102S101S101N102NG101 B101 S103 SD102 SD101 B102N103B101S103S104S102S101B102N101 SD103 N103S103NG101 Item Cost $2.44$20.44$5.44$20.44$3.44$5.44$2.44$5.44$2.44$9.44$5.44$2.44$20.44$5.44$125.45$16.44$9.44$9.44$20.44$5.44$1.74$16.44$9.44$15.45$5.44$20.44$5.44$2.44$5.44$1.74$9.44$125.45 Units 944935265559748931598928803411527631495667345863649659552794 Cost per Order $229.36$1,001.56$190.40$531.44$189.20$320.96$180.56$484.16$75.64$556.96$484.16$68.32$1,635.20$184.96$125.45$246.60$254.88$594.72$286.16$516.80$114.84$1,200.12$424.80$1,328.70$16.32$122.64$266.56$158.60$516.80$90.48$745.76$501.80
Item Category Bolts Bolts Bolts Nails Nuts Screwdriver Screws Nuts Screws Screws Screws Item D B102B103B104NG102N103SD104S101N103S102S101 S102 Item Cost $5.44$12.94$24.40$275.45$1.74$2.44$20.44$1.74$5.44$20.44$5.44 Units 61544126755613109327 Cost per Order $331.84$698.76$1,000.40$550.90$10.44$183.00$1,144.64$22.62$54.40$1,900.92$146.88
-What is the rank of the 42nd percentile of the costs per order ?
Definitions:
Finished Goods
Products that have completed the manufacturing process but have not yet been sold to customers.
Job Cost System
An accounting system used to track costs specifically by job or order, collecting material, labor, and overhead costs.
Finished Goods Inventory
The stock of completed products that are ready for sale but have not yet been sold.
Work in Process
A stage in the production process where goods are partially completed and will require further work before they are ready for sale.