The correct Option is D. OLAP is an example of a Predictive type of analytics.
Analytics is the systematic computational evaluation of statistics or information. it is used for the discovery, interpretation, and conversation of significant styles in statistics. It additionally involves making use of facts styles toward effective decision-making. it is able to be precious in areas rich with recorded statistics; analytics relies on the simultaneous utility of information, laptop programming, and operations research to quantify overall performance.
Records analytics is a multidisciplinary field. there is extensive use of pc abilities, mathematics, records, the use of descriptive techniques, and predictive fashions to gain treasured knowledge from records through analytics. humans Analytics won't certainly belong within Human resources in companies.
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.</em>
Completed Units= total units in process during April - Closing WIP
= 280,000 - 25,000 = 255,000
Note that the description 'total units in process in during April', implies that the opening inventory is inclusive in the figure of 280,000.
Equivalent units = degree of completion(%) × units
Item Equivalent units
Completed units 255,000 255,000× 100% = 255,000
Closing work in progress 25,000 25,000× 60% = <u>15,000</u>
In option (a) no it does not contribute to the US GDP in any year. The transaction appears in expenditure as an increase in consumption and a decrease in net exports that offset. According to option (b) yes it contributes to US GDP in 2013. The transaction appears as an increase in investment (increase in inventory). In 2014, the transaction appears as an increase in net exports offset by a decrease in investment. According to option (c), the transaction appears in expenditure as an increase in consumption in 2014 offset by a decrease in net exports. Option (d) represents the transaction appears as an increase in investment (increase in inventory). In 2014, the transaction appears as an increase in consumption offset by a decrease in investment. According to option (e) yes, it contributes $1000 to US GDP in 2014. The $6000 purchase price exceeds the price paid by the used car dealer. The difference represents value added by the dealership - this is a service that should be counted as part of GDP.
A. To calculate the predetermined factory overhead rate,
Given
overhead costs = $660,000
Direct labor hours = 100,000.
overhead rate = overhead cost/labor hours
= $660,000/100000
=$6.6
B. To calculate the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and Job 777 if the amount of direct labor hours is 800
Given
Job 345 direct labor hours is 560
Job 777 direct labor hours is 800
Therefore
Factory overhead for job 345 = direct labor hours × predetermined factory overhead rate
= 560hours × $6.6
=$3,696
Factory overhead for job 777 = direct labor hours × predetermined factory overhead rate
= 800hours × $6.6
=$5,280
C. Journal entry for April
Add the overheads the two current jobs
$3,696 + $5,280= $8,976
Now record $8,976 in debit column against current work
record $8,976 in credit column against factory overhead