Answer:
The correct answer is False.
Explanation:
Misleading cost numbers are considered to be higher when their unit allocations and the alternative activity-cost-driver allocations are proportionally different from each other. This means that it corresponds to the contrary to what is detailed in the statement.
Answer:
Suppose Y is a random variable with mu Subscript Upper YμY = 0, and sigma Subscript Upper Y Superscript 2σ2Y = 1, skewness = 0, and kurtosis = 100.
n random variables drawn from this distribution might have some large outliers due to the reason that there might be some outliers because the kurtosis of the distribution equals 100..
Option A.
Explanation:
From the question, the rate of the description of the data given will not give rise to outliers in the random sample drawn from the population.
Therefore, there might be some outliers because the kurtosis of the distribution equals 100 - Option A.
Answer:
1. The reason Sarah might want to use standard costs to compare with her actual costs is:
a. Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.
2. Drawbacks of using Standard Costs are:
c. Standards limit operating improvements because employees may be discouraged from improving beyond the standards.
d. Employees may focus only on efficiency improvement and their own operations rather than considering the larger objectives of the organization.
e. Standards may become "stale" in a dynamic manufacturing environment.
Explanation:
Standard costs encourage the pursuit of management goals. They are the costs that should be under a particular type of circumstances. They are usually compared with actual costs to determine their differences or variances. Their use helps management to focus on how to improve overall performance.
Answer:
No of units 6,000 7,500 10,000
Total fixed cost $12,000.00 $12,000.00 $12,000.00
Total variable cost $9,000.00 $11,250.00 $15,000.00
Total cost $21,000.00 $23,250.00 $27,000.00
Fixed cost per pizza $2.00 $1.60 $1.20
Variable cost per pizza $1.50 $1.50 $1.50
Average cost per pizza $3.50 $3.10 $2.70
