Major characteristics of the digital economy include obsolescence, digitization, and wars
Indicate whether the statement is true or false
TRUE
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A ______ is a major medical insurance plan that protects against catastrophic health-care costs and in most cases is paid for by the employer.
A. high-deductible health plan B. health maintenance organization C. worker’s compensation D. preferred provider organization
Nemes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$324,360 Budgeted production (a) 30,000unitsStandard hours per unit (b) 1.70labor-hoursBudgeted hours (a) × (b) 51,000labor-hours?The fixed component of the predetermined overhead rate is closest to:
A. $6.36 per labor-hour B. $5.35 per labor-hour C. $9.10 per labor-hour D. $10.81 per labor-hour
During March, Pendergraph Corporation incurred $60,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $62,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
A. debit to Manufacturing Overhead of $62,000 B. debit to Work in Process of $60,000 C. credit to Manufacturing Overhead of $62,000 D. credit to Work in Process of $60,000
The National Center for Education would like to estimate the average student debt for the state of Ohio with a 90% confidence interval and a margin of error within plus or minus $1,800
Assuming the standard deviation for student debt in this state is $7,500, the required sample size is ________.A) 36 B) 47 C) 65 D) 80