The accuracy of the approximation of x with a normal distribution depends on the probability distribution of the ____________________ and on the sample ____________________
Fill in the blank(s) with correct word
population; size
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The Office of the Comptroller of the Currency is the main supervisor for
A. national banks that are part of a financial holding company or a bank holding company. B. national banks that are not in a financial holding company or a bank holding company. C. state banks that are not members of the Federal Reserve and are not in a financial holding company or a bank holding company. D. state banks that are members of the Federal Reserve System.
An adjusting entry was made on year-end December 31 to accrue salary expense of $2800. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $6200 payment of salaries in January of the following year?
A.
Salaries Expense | 6200? | |
Cash | 6200? |
B.
Salaries Payable | 6200? | |
Cash | 6200? |
C.
Salaries Payable | 2800? | |
Salaries Expense | 3400? | |
Cash | 6200? |
D.
Salaries Expense | 2800? | |
Salaries Payable | 2800? |
E.
Salaries Payable | 2800? | |
Cash | 2800? |
The Revised Uniform Partnership Act is a federal statute that is recognized in all states.
Answer the following statement true (T) or false (F)
Goertz Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow:Overhead costs: Equipment depreciation$51,000Supervisory expense$3,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools MachiningOrder FillingOtherEquipment depreciation0.400.100.50Supervisory expense0.200.300.50Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity
cost pool are not assigned to products. Activity data for the company's two products follow:Activity: MHs (Machining)Orders (Order Filling)Product J39,100100Product F7900900Total10,0001,000Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins.Sales and Direct Cost Data: Product J3Product F7Sales (total)$145,200$90,700Direct materials (total)$81,400$38,600Direct labor (total)$37,700$42,400What is the product margin for Product F7 under activity-based costing? A. $2,710 B. $2,410 C. $9,700 D. $10,600