Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou
1 answer:
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Answer:
correct option is a. $1,700 over head applied
Explanation:
given data
overhead = $700,000
machine hours = 200,000
direct labor hours = 35,000
Feb, direct labor hours = 5,000
Feb, machine hours = 10,000
Feb, actual overhead = $98,300
solution
we know overhead rate that is
overhead rate =
overhead rate =
overhead rate = $20 per hours
and in Feb for 5000 direct labor hour
overhead = 5000 × $20 = $100,000
so
over head applied = $100,000 - $98300
over head applied = $1700
so correct option is a. $1,700 over head applied
Answer:
a) ME= 1.93
b) confidence interval= (19.59,23.45)
Explanation:
a) Sample of customers is 64, population standard deviation is 6 and confidence level is 99%
Sample mean= 21.52
Sample size= 64
Confidence level= 99%
Population standard deviation= 6
Standard error of the mean= 0.75
Z-value= -2.5758 (From Z table)
Interval half width= 1.9319
Margin of error at 99% confidence interval is 1.93 from the output.
b) Confidence interval
Interval upper limit= 19.59
Interval lower limit= 23.45
99% confidence interval is (19.59, 23.45) from the output.
ME= = 1.93