Answer:
the net income under absorption costing is $398,080
Explanation:
The computation of the net income under absorption costing is shown below:
= Net income under variable costing + (change in inventory units × fixed overhead cost per unit)
= $392,100 + ((4,500 units - 3,200 units) × $4.60)
= $392,100 + $5,980
= $398,080
Hence, the net income under absorption costing is $398,080
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
a) 55%
b) Joint Probability
c) They are not mutually exclusive
Explanation:
Part 1 of the Question
First, we determine the formula for calculating the probabilities of Yellowstone Park and the Tetons as follows
Probability of Yellow Stone = <em>p(</em>Yellowstone)= 0.5 or 50%
Probability of Tetons = <em>p(</em>Tetons)= 0.4 or 40%
Probability of Both = <em>p(</em>Both)= 0.35 or 35%
Therefore, the probability of visiting at least one by a vacationer is as follows:
p(At least One) = <em>p(</em>Yellowstone or Tetons)
= <em>p(</em>Yellowstone) + <em>p(</em>Tetons) - <em>p(</em>Both)
= 50%+40%-35%
= 0.5+0.4-0.35
= 0.55 or 55%
Part 2 of the Question
First the probability of 35% represents the possibility of a vacationer visiting the two locations, hence, it can be called the percentage of intersection between Tetons and Yellowstone. It is also referred to as joint probability
Part 3 of the Question
Once event are mutually exclusive, it means they cannot be carried out or considered together. In other words, one becomes an alternate cost for the other. This means going to Yellowstone means the vacationer cannot go to Tetons and vice versa. In this situation, the joint probability will not be possible (0%). Since, we already know that there is a joint probability of 35%, it means <u>the events are not mutually excusive</u>
Answer: Radio advertisement
Explanation:
From the question, we are informed that Jack,an HR manager at an electronics firm, has been informed that he needs to hire twenty technicians immediately.
The best method to get quality technicians will be through advertising on radio. Through this method, a larger number of people will be reached and radio advertisement is usually effective.
Answer:
$18,000 F
Explanation:
Actual overhead– Overhead Budgeted=
Overhead Controllable Variance
Actual overhead=$194,000
Overhead Budgeted=$212,000
$194,000–$212,000
=$18,000 F
(40,000 ×$3.80) + $60,000
=$152,000+$60,000
= $212,000
Therefore the manufacturing overhead controllable variance is $18,000 F
