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GuDViN [60]
3 years ago
11

Rist Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporat

ion estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine-hours. The Corporation actually worked 105,000 machine-hours and incurred $270,000 in manufacturing overhead costs. By how much was manufacturing overhead underapplied or overapplied for the year? (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Vladimir [108]3 years ago
4 0

Answer:

underapplied by 2,250

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we will distribute the expected cost of overhead  ovwer the cost driver. In this case, machine hours:

255,000 / 100,000 = 2.55

Then we multiply thew rate by the amount of actual hours:

105,000 x 2.55 = 267,760

We compare with the appleid overhead:

267,760 - 270,000 = -2,250

As the actual overehad was higher than applied overhead the overhead was underapplied

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Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieve
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2 years ago
Before the last presidential debates, 50% of registered votes indicated they were planning to vote for the incumbent president.
MAVERICK [17]

Answer:

a) H₀ : p = 0.5

H_{a} : p > 0.5

b) z = 2.0785

c) p - value = 0.0188

d) Our conclusion is that there has been a significant increase in the proportion of registered voters who are planning to vote for the incumbent president

Explanation:

Probability of those planning to vote for the incumbent president before the debate, P₀ = 50/100 = 0.5

a) The null and the alternative hypothesis

Let the null hypothesis be represented by H_{0}

and the alternative hypothesis be represented by H_{a}

H₀ : p = 0.5

H_{a} : p > 0.5

b) compute the test statistics

sample size, n = 1200

number of voters planning to vote for the incumbent president, x = 636

Probability of those planning to vote for the incumbent president in the selected sample:

\bar{p} = x/n\\\bar{p} = 636/1200\\\bar{p} = 0.53

Formula for the test statistic:

z = \frac{\bar{p} - p_{0} }{\sqrt{\frac{p_{0}(1-p_{0} ) }{n} } }

z = \frac{0.53 - 0.5 }{\sqrt{\frac{0.5(1-0.5 ) }{1200} } }

z = 2.0785

c)

For \alpha = 0.05\\, the critical value as checked from the normal table will be:

z_{\alpha} = 1.645

The P value for z > 2.0785

P-value = P(z > 2.0785) \\P - value = \phi (-2.0785)\\P - value = 0.0188

d) What do you conclude?

since ( z = 2.0785) > (z_{\alpha} = 1.645), we will reject the null hypothesis.

Our conclusion is that there has been a significant increase in the proportion of registered voters who are planning to vote for the incumbent president

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3 years ago
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