Exhibit 13.2 The Following Questions Refer to the Information and Output Below

question 43

Short Answer

Exhibit 13.2
The following questions refer to the information and output below.
A barber shop has one barber who can give 12 haircuts per hour. Customers arrive at a rate of 8 customers per hour. Customer inter-arrival times and service times are exponentially distributed. The following queuing analysis spreadsheet was developed from this information.
-Refer to Exhibit 13.2. Based on this report what is the average waiting time before the barber begins a customer's haircut?

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Definitions:

Joint Production Costs

Costs incurred in the process of producing two or more products simultaneously from the same raw materials or process.

Split-off Point

Refers to the stage in a production process where joint products can be recognized as separate products.

Joint Processing Costs

Costs incurred in a production process that yields multiple products simultaneously, up to the split-off point.

Processing Further

Decision-making process regarding the additional refining or processing of products to enhance their value or marketability.