The mission statement<span> should guide the actions of an organization, spell out its overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated". It is like a goal for what a company wants to do for the world.</span>
Answer:
Option (C) is correct.
Explanation:
Given that,
Actual direct labor hours = 8,200
Actual rate = $12.40 per hour
Original production = 1,100 units
Actual units produced = 1,000
Labor standards = 7.6 hours per completed unit
standard rate = $13.00 per hour
Labor time variance:
= (Standard hours - Actual hours) × Standard rate
= (1,000 × 7.6 - 8,200) × $13
= 7,800 Unfavorable
Answer: $86700
Explanation:
The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.
Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.
Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.
Answer:
True cost of the microwave is in 99% confidence interval: 
Explanation:
Relevant data:

As we want to know the 99% confidence interval, the significance level is:

We need to estimate a confidence interval by a two tailed normal bell. Then we have:

The z-value for a probability of 0.005 in a normal standard distribution is 2.576
Confidence interval is given by;:


True cost of the microwave is in 99% confidence interval: 