Answer:
1.1%
Explanation:
Calculation to determine what the probability of the next purchase order having an error is using
an empirical probability
Using this formula
Probability=Purchase orders errors/Purchase orders filled
Let plug in the formula
Probability=1100/100000
Probability=0.011*100
Probability=1.1%
Therefore using an empirical probability the probability of the next purchase order having an error is 1.1%
Answer:
c. $ 3,409,000
Explanation:
Computation of cost of goods manufactured
The cost of goods manufactured is calculated by adjusting the opening and closing work in process balances to the total manufacturing input
Total manufacturing input $ 3,400,000
Add: Opening work in process $ 27,000
Less: Closing work in process <u> $ ( 18,000)</u>
Cost of goods manufactured $ 3,409,000
The cost of goods manufactured is determined by the total of the input and adding the differnce in opening and closing work in process balances.
Answer:
A
Explanation:
To assist users in assessing the adequacy of systems and controls is not one of the objectives
They traded with other farmers
A C. variable cost <span>cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.</span>
