Answer the Following Questions Using the Information Below

question 96

Multiple Choice

Answer the following questions using the information below:
Tri-State Manufacturing expects to spend $800,000 in 2012 in appraisal costs if it does not change its incoming materials inspection method. If it decides to implement a new receiving method, it will save $80,000 in fixed appraisal costs and variable costs of $0.40 per unit of finished product. The new method involves $120,000 in training costs and an additional $160,000 in annual equipment rental. It takes two units of material for each finished product.
Internal failure costs average $160 per failed unit of finished goods. During 2011, 5% of all completed items had to be reworked. External failure costs average $400 per failed unit. The company's average external failures are 1% of units sold. The company carries no ending inventories, because all jobs are on a per order basis and a just-in-time inventory ordering method is used.
-For a fast-food restaurant, the average waiting time might be formulated as:

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive.

Application Letters

Documents sent by job seekers to apply for positions, typically outlining qualifications and expressing interest in specific opportunities.

Human Resources Manager

A professional responsible for managing an organization's workforce, including hiring, training, and employee relations.

Assertive

Communicating one's views clearly and respectfully, without infringing on the rights of others, demonstrating confidence and self-assurance.