Seymore Company Manufactures Three Products, Ace, Deuce, and Trey, Requiring

question 18

Essay

Seymore Company manufactures three products, Ace, Deuce, and Trey, requiring the following inputs of raw materials:
$$\begin{array} { l c c } & \text { Units of Materials Required } \\\text { Product } & \text { Fabric } & \text { Metal } \\\text { Ace } & 2 & 2 \\\text { Deuce } & 1 & 2 \\\text { Trey } & 2 & 1\end{array}$$ Unit cost and inventory for each raw material:
$\begin{array}{lrr} & \text { Fabric } & \text { Metal } \\\text { Unit cost } & \$ 4 & \$ 2 \\\text { Beginning inventory } & 6,000 & 5,000 \\\text { Ending inventory } & 5,000 & 4,000 \\\end{array}$ Schediuled
arodiction:
$\begin{array} { l l } \text { Ace } & 30,000 \\ \text { Deuce } & 20,000 \\ \text { Trey } & 50,000 \end{array}$ Prepare a direct materials purchases budget for the year ended December 31, 2010.

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Definitions:

Wilcoxon Signed Rank Test

A non-parametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample.

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex, abstract level.

Logic Course

An educational program focused on the study of fundamental principles of reasoning, including the structure of arguments, logical fallacies, and symbolic logic.

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A statistical test that does not assume a specific distribution shape for the data, making it useful for data that does not meet the assumptions required for parametric tests.