For a population with any distribution, the form of the sampling distribution of the sample mean is
A. sometimes normal for all sample sizes.
B. sometimes normal for large sample sizes.
C. always normal for all sample sizes.
D. always normal for large sample sizes.
Answer: D
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Which of the following is not a period expense?
a. salaries and commissions of the sales staff b. costs to produce catalogs c. marketing costs, such as advertising d. costs to produce sales literature e. direct labor
Markets with rapid rates of technological change should consider indirect competitors as well as
direct ones. Indicate whether the statement is true or false
Companies using activity-based costing (ABC) have learned that costs are a function of:
A. Volume and activities. B. Resources and time. C. Time and complexity. D. Volume and time.
Hogan Mining extracts ore for eight different companies in South Dakota. The firm anticipates variable costs of $65 per ton along with annual fixed overhead of $840,000, which is incurred evenly throughout the year. These costs exclude the following semivariable costs, which are expected to total the amounts shown for the high and low points of ore extraction activity: March (850 tons): $39,900?August (1,300 tons): $46,200Hogan uses the high-low method to analyze cost behavior.Required: A. Calculate the semivariable cost for an upcoming month when 875 tons will be extracted.B. Calculate the total cost for that same month.C. Hogan uses Martinez Trucking to haul extracted ore. Martinez's monthly charges are as follows:800 to 1,099 tons$70,0001,100 to 1,399 tons 90,0001,400 +
tons 110,0001. From a cost behavior perspective, what type of cost is this?2. If Hogan plans to extract 875 tons, is the company being very "cost effective" with respect to Martinez's billing rates? Briefly discuss. What will be an ideal response?