The value of a chi-squared distribution with 5 degrees of freedom such that the area to its left is 0.10 is 1.61
Indicate whether the statement is true or false
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Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the fixed overhead volume variance. a. $5,000 (U) b. $10,000 (U) c. $10,000 (F) d. $15,000 (F)
In determining the lawfulness of a merger, which of the following factors need not be shown?
A) The likelihood of a substantially lessening of competition or the tendency to create a monopoly B) The relevant product market C) The relevant geographic market D) An actual lessening of competition
Reddick's Specialty Electronics makes weatherproof surveillance systems for parking lots. Demand estimates for the next four quarters are 25, 9, 13, and 17 units
The firm is preparing an aggregate plan that uses inventory, regular time and overtime and back orders. Subcontracting is not allowed. Regular time capacity is 15 units for quarters 1 and 2, 18 units for quarters 3 and 4. Overtime capacity is 3 units per quarter. Regular time cost is $2000 per unit, while overtime cost is $3000 per unit. Back order cost is $300 per unit per quarter; inventory holding cost is $100 per unit per quarter. Beginning inventory is zero. The data inputs for this problem, and the optimal solution, generated by microcomputer software, appear below. Answer the following questions based on the scenario and the solution. a. How many total units will be produced in quarter 1 for delivery in quarter 1? b. How many units in total will be used to fill back orders over the four quarters? c. What is the cost to produce one unit in Quarter 4 using overtime to deliver in quarter 1 (filling a back order)? d. At the end of quarter 3, what is the ending inventory of finished systems? e. What is the total cost of the solution? f. What is the average cost per unit? Reddick's Specialty Electronics Period 1 Period 2 Period 3 Period 4 Supply RT 1 2,000 2,100 2,200 2,300 15 OT 1 3,000 3,100 3,200 3,300 3 RT 2 2,300 2,000 2,100 2,200 15 OT 2 3,300 3,000 3,100 3,200 3 RT 3 2,600 2,300 2,000 2,100 18 OT 3 3,600 3,300 3,000 3,100 3 RT 4 2,900 2,600 2,300 2,000 18 OT 4 3,900 3,600 3,300 3,000 3 Demand 25 9 13 17 Reddick's Specialty Electronics Solution Optimal cost = $132,200 Period 1 Period 2 Period 3 Period 4 Dummy RT 1 15. OT 1 3. RT 2 6. 9. OT 2 3. RT 3 4. 13. 1. OT 3 3. RT 4 17. 1. OT 4 3.
Since a company usually does not know the amount of the year-end bonus at year-end, the company estimates the amount of the bonus based on a percentage
Indicate whether the statement is true or false