Answer:
The confidence interval for 2007 returns are 32%, 48
%
Explanation:
As per 9% rule
Range = mean +/- 2*Standard deviation
Range = 8 +/- 2*20
Range = 8-40 to 8+40
Range = -32 to 48
Answer:
$58,600
Explanation:
Calculation for what Healey Company's direct materials used for the year is:
Using this formula
Direct materials used for the year=Beginning Raw Materials + Raw Materials Purchased - Ending Raw Materials
Let plug in the formula
Direct materials used for the year = $15,200 + $60,000 - $16,600
Direct materials used for the year= $58,600
Therefore Healey Company's direct materials used for the year is:$58,600
Answer:
Job 33 $ 27250
Job 34 $ 31500
Job 35 $ 12325
Cost of Goods Sold Job 33 $ 27250
Finished Goods Inventory Job 34 $ 31500
Work in Process Inventory Job 35 $ 12325
Explanation:
Work in Process Balance on 3/1
Job 33 $ 7,500
Job 34 6,000
Total $ 13,500
Job 33
Direct Materials $3500
Direct Labor 6500
Overheads (150%) 9750
Add Opening WIP 7500
Total Cost $ 27250
<em>We add the Direct Material Direct Labor and Mfg overheads with the opening balance of WIP to get the total cost of given jobs.</em>
Job 34
Direct Materials $6000
Direct Labor 7800
Overheads (150%) 11700
Add Opening WIP 6000
Total Cost $ 31500
Job 35
Direct Materials $4200
Direct Labor 3250
Overheads (150%) 4875
Add Opening WIP ------
Total Cost $ 12325
Cost of Goods Sold Job 33 (given) $ 27250
Finished Goods Inventory Job 34 (given) $ 31500
Work in Process Inventory Job 35 (given)$ 12325
It is given in the question that Job 34 is transferred to Finished Goods , Job 35 is still in process and Job 33 is cost of goods sold.
Answer:
Operating income $4300- option c
Explanation:
Selling Price per Unit. $6
variable cost per unit. $3
Contribution per unit. $(6-3) = $3
total number of sold units = 4000, therefore
Total contribution = 3 x 4000= 12000
fixed costs. $7700 per month
Operating income (profit). = (Total contribution -fixed costs)
= (12000 - 7700) = $4300