Answer:
Explanation:
Data given and notation
represent the sample mean
represent the standard deviation for the sample
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:
(1)
t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
A group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n) <u>master </u>budget.
<h3>Which budget is sometimes referred to as the master schedule budget?</h3>
The planning budget and static budget are other names for the master budget. Because it establishes the cost per unit and the anticipated volume of production and sales, it is known as the static budget.
The operating budget and the finance budget are the two main subcategories of the master budget. The projected balance sheet is the result of the financial budget's planning for the utilization of assets and liabilities. The operating budget produces a forecasted income statement and aids in planning future revenue and expenses.
To know more about master budget, refer:
brainly.com/question/15900166
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Answer:
The correct answer is: Broad differentiation strategy.
Explanation:
American economist Michael Porter (<em>born in 1947</em>) proposes there are <em>Five Generic Competitive Strategies</em> in market targeting while pursuing a competitive advantage: Overall low-cost, Broad Differentiation, Focused low-cost, Focused differentiation, and Best-cost provider strategy.
With the Broad differentiation strategy firms aim to provide customers a product that is different from its competitors to capture the largest number possible of consumers. This strategy is the closest approach <em>Apple, Inc</em>. has been using to keep its share in the mobile phone devices market.
Answer:
1. $46,000
2.$46,000
Explanation:
According to the scenario, computation of the given data are as follows,
Inventory price = 230,000 pesos
1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017
= 230,000 × $0.20
= $46,000
2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017
= 230,000 × $0.20
= $46,000
Answer:
Explanation:
The journal entry is shown below:
Work in Process A/c - Assembly department A/c Dr $52,320
Work in Process A/c - Finishing department A/c Dr $41,440
To Manufacturing overhead A/c $93,760
(Being the overhead are allocated to the Assembly and Finishing Departments)
The allocation of the assembly department equals to
= Raw material × percentage of labor cost
= $32,700 × 160%
= $52,320
The allocation of the finishing department equals to
= (Factory labor cost - factory labor) × percentage of labor cost
= ($63,800 - $37,900) × 160%
= $25,900 × 160%
= $41,440
