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3 years ago

The journal entry to record the actual manufacturing overhead costs for indirect materials is:

Business

1 answer:

kirill115 [55]3 years ago

8 0

Answer: The correct answer is "A. Manufacturing Overhead Control xxx Materials Inventory xxx".

Explanation: The journal entry to record the actual manufacturing overhead costs for indirect materials is:

---------------------------- . -----------------------------------------------

Manufacturing Overhead Control xxx

Materials Inventory xxx

---------------------------- . ------------------------------------------------

The increase in indirect manufacturing costs due to indirect materials that become part of the cost of the product and the decrease in the inventory of indirect materials produced by the incorporation of the materials into the production process should be reflected.

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3 years ago

Suppose N= 15 and r=4.<br> What is the probability of x = 3 for n = 10 (to 4 decimals)?

worty [1.4K]

Using the Hypergeometric distribution principle, the probability of X = 3 in the function is 0.4396

Defining an hypergeometric distribution function :

$P(X = k) = \frac{ \binom{r}{k} \binom{N - r}{n - k} }{ \binom{N}{n} }$

The parameters given :

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$P(X = 3) = \frac{ \binom{4}{3} \binom{15 - 4}{10 - 3} }{ \binom{15}{10} } = \frac{ \binom{4}{3} \binom{11}{7} }{ \binom{15}{10} }$

Using Combination :

Recall : nCr = n! ÷ (n-r)!r!

Using a calculator :

$P(X = 3) = \frac{ \binom{4}{3} \binom{15 - 4}{10 - 3} }{ \binom{15}{10} } = \frac{ \binom{4}{3} \binom{11}{7} }{ \binom{15}{10}} = \frac{(4 \times 330)}{3003} = \frac{1320}{3003} = 0.4396$

Therefore, the probability of X = 3 in the hypergeometric function is 0.4396 (rounded to 4 decimal places).

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2 years ago

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3 years ago

Congress would like to increase tax revenues by 17 percent. assume that the average taxpayer in the united states earns $52,000

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If Congress wants to increase tax revenues by 17 percent, then the average tax revenue shall be 10400+(10400*17%) = $12,168

Hence average tax rate that will result in a 17 percent increase in tax revenues shall be = 12168 / 52000 = 0.234 = <u>23.40%</u>

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4 years ago