The Time Necessary to Assemble a Discount Store Display Is

question 49

Essay

The time necessary to assemble a discount store display is normally distributed, with = 5 minutes and = 30 seconds. A large number of potential employees are timed assembling a practice display. How much time (in minutes) should the personnel manager allow the potential employees to assemble the display if the store wants only 80% of the people to complete the task?

Understand the methods and importance of cost behavior analysis for managerial decision-making.

Comprehend the relevant range concept and its significance in cost accounting.

Learn how to calculate and interpret the margin of safety in various forms.

Recognize the assumptions and limitations of cost-volume-profit analysis.

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Services

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Items that cannot be touched or physically measured, such as services, digital products, or intellectual property.