Hansel corporation has requested bids from several architects to design its new corporate headquarters. frey architects is one of the firms bidding on the job. frey estimates that the job will require the following direct labor.

labor estimated hours hourly rate
architects 176 $ 300
staff 352 75
clerical 825 20

frey applies overhead to jobs at 175% of direct labor cost. frey would like to earn at least $40,000 profit on the architectural job. based on past experience and market research, it estimates that the competition will bid between $298,000 and $376,000 for the job.

1. what is frey’s estimated cost of the architectural job?
2. if frey bids a price of $298,000, will it earn its target profit of $40,000?
3. what is frey’s estimated selling price?

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

Serious question, which is preferred in a business? pp or poopoo?