Answer:
$27.2
Explanation:
First we have to calculate the total estimated manufacturing overheads which shall be determined as follows:
Estimated total manufacturing overheads=Variable manufacturing overhead+ Fixed manufacturing overheads
Variable manufacturing overhead=Estimated labour hours*manufacturing overhead per labour hour
=75,000*$10.70=$802,500
Fixed manufacturing overheads=$1,237,500
Estimated total manufacturing overheads=$802,50+$1,237,500
=$2,040,000
Now we will compute the predetermined overhead rate which shall be determined using the following formula:
Predetermined overhead rate=Estimated total manufacturing overheads/Estimated labour hours
Predetermined overhead rate=$2,040,000/75,000=$27.2
Answer:
Merchandise purchases budget explanations only.
Explanation:
Hi, your question has missing information, however i have supplied explanations below.
A purchases budget is required to determine the quantities of purchases required for :
- Resale - For Merchandisers
- Use in Production in case of Manufacturer
Here is the structure of the merchandise purchases budget for Walker Company (Merchandiser).
<u>Merchandise purchases budget </u>
Month
Budgeted Sales x
Add Budgeted Inventory x
Total Purchases needed x
Less Budgeted Opening Inventory (x)
Budgeted Purchases x
As stated by the question : <em>Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.</em>
<em>Ending Inventory = Next months` sales x required percentage</em>
Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.
It's called a <u>holographic will</u>.
I just finished this quiz and the answer is "marketing"
Answer:
2.361
Explanation:
Calculation to Find the value of the test statistic
Based on the given information let our:
p=0.25
x = 159
n = 540
Since our p is 0.25 the first step is to find q using this formula
q = 1 - p
Let plug in the formula
q = 1-0.25
q= 0.75
Second step is to find the psample using this formula
psample= x/n
Let plug in the formula
psample= 159/540
psample = 0.294
Last step is to find the value of the test statistic
Using this formula
z= (psample - p) / √(pq/n)
Let plug in the formula
z = (0.294 - 0.25) / √(0.25×0.75/540)
z=0.044/√(0.1875/540)
z=0.044/√(0.000347222222)
z=0.044/0.01863389
z=2.361
Therefore the value of the test statistic will be 2.361
