A Firm Is Concerned with Variability in Hourly Output at Several

question 6

Multiple Choice

A firm is concerned with variability in hourly output at several factories and shifts. Here are the results of an ANOVA using output per hour as the dependent variable (some information is missing) . $$\begin{array} { | l | c | c | c | c | c | } \hline \text { Source } & \text { Sum of Squares } & \text { df } & \text { Mean Square } & \text { FRatio } & \text { P-value } \\\hline \text { Factory } & 19012.5 & 1 & 19012.5 & 26.427 & 0.000 \\\hline \text { Shift } & 258.333 & 2 & 129.167 & 0.180 & 0.838 \\\hline \text { Factory*Shift } & 80908.333 & 2 & 40454.167 & 56.230 & \\\hline \text { Error } & 8633.333 & 12 & 719.444 & & \\\hline \text { Total } & 108812.5 & 17 & 6400.735 & & \\\hline\end{array}$$ At ? = 0.01 the effect of factory is:

• A)clearly significant.
• B)clearly insignificant.
• C)of borderline significance.

Understand how to compute budgeted changes in inventory levels.

Understand the process of budgeting for cash collections from customers.

Understand and calculate cash disbursements for purchases and operating expenses.

Develop a basic understanding of cash budget preparation and analysis.

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