Answer: The distribution of sample means is:
As the sample size is more than 30 so the sampling distribution of the sample means can be said to be approximately normal with the mean equal to 10.53 hours and standard deviation equals to 0.33 hours.
Explanation:
The mean,
μ=10.53
The population standard deviation,
σ= 2
The sample size, n=36
z score:
z= (xbar −μ)/σ
The standard error:
σxbar=σ/√n
=2/√36
=0.33
The standard error represents the distribution sample mean is 0.33.
Answer:
Option A and B
Explanation:
The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.
Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.
Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.
Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.
Answer: level of involvement
Explanation:
It should be noted that when people want to purchase a product, they usually look for information themselves or probably seek informations from those close to them such as friends and family.
It should be noted that a consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge and level of involvement.
Answer:
See below
Explanation:
Raw materials purchased is computed as;
Raw material purchase = Ending inventory + required for production - beginning inventory
= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000
= 50,000 + 2,460,000 - 60,000
= 2,450,000 grams
Answer:
$62, 000
Explanation:
Operating Cash Flow = Operating Income (revenue – cost of sales) + Depreciation
