Olivia makes a negative statement about her employer on her social media account. Her manager sees it and fires her for violatin
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Answer:
overhead rate $4 per machien hour
applied overhead 1,560,000
The overhead was underapplied for 15,000
entry to adjust against COGS
Cost of Goods of sold 15,000 debit
Factory overhead 15,000 credit
Explanation:
we divide the expected overhead over the total amount of budgeted machine hours to determinate the overhead rate:
1,600,000 / 400,000 = $4 per machine hours
Actual machine hours 390,0000
applied overhead:
actual cost driver x rate per driver
390,000 x $4 = 1,560.000 applied overhead
Actual overhead 1,575,000
As aplies is lower, we should adjust for 15,000 difference
Answer:
Explanation:
1) : All group means equal or
At least one of the treatment group means are different
ANOVA TABLE
<u>Source of Variation SS df MS F P-value F crit </u>
Between Groups 213.5 3 71.16667 0.65 0.5975 3.490295
Within Groups 1312.5 12 109.375
MSB = SSB / DFB = 71.16667
MSE = SSE / DFE = 109.375
F = MSB / MSE = 0.650667
3) P-value: 0.597576
The test statistic is not significant and failed to reject the null hypothesis.
4) The test statistic is not significant. So, there is no evidence to conclude that there is a difference between groups.
