answersLogoWhite

0

Skimmers are pager size data collection devices that cost about $300.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Statistics

What is the importance of good data collection and analysis to support the problem solving process?

With poor data, you could get the wrong answer to the problem, which could cost time and money in most cases.


How much would 150000 tons of gold cost?

To determine the cost of 150,000 tons of gold, we first need to know the current price of gold per ounce. As of October 2023, gold is approximately $1,900 per ounce. There are about 32,150.7 ounces in a ton, so 150,000 tons of gold would be roughly 4,826,000,000 ounces. Multiplying that by the price of $1,900, the total cost would be approximately $9.17 trillion.


What is material cost variance?

The material cost variance denoting the difference between the standard cost of materials and actual cost of matrials. The material cost variance is between the standard material cost for actual production in units and actual cost. The total cost is usually determined by two differenct factors of influence viz quantity of materials utilized/ required and price of the materials. The fluctuations in the material cost are only due to the fluctuations in the utility of materials due to many factors. Material cost variance can be computed into two different ways: DIRECT METHOD AND INDIRECT METHOD material cost variance= Standard cost of materials for actual output- actual cost of raw materials. MCV=(S Q AO X SP)-(AQ X AP) Indirect Method: material cost variance= Material price variance (MPV)+Material usage Variance


How do you calculate cost efficiency?

say energy costs 5 cents and the efficiency is 0.1kwh cost= 0.1kwh x 0.05 cost= o.oo5cents


Where the actual cost is found to greater than the standard cost is known as?

adverse variance