When using the confidence interval approach to sample size determination, if the statistic of interest is a proportion, rather than a mean, the approach to sample size determination is very different
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FALSE
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Select the correct statement regarding fixed costs.
A. Total fixed cost remains constant when volume changes. B. Fixed cost per unit is not fixed. C. There is a contradiction between the term "fixed cost per unit" and the behavior pattern implied by the term. D. All of these are correct statements.
State laws protect individuals' privacy rights, often to a significant degree
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What type of endorsement is illustrated by the following example: Tom Ash 7609-25-26-3
A) Restrictive endorsement B) Full endorsement C) Blank endorsement D) Signature endorsement
Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$ 209,400 Budgeted production (a) 20,000unitsStandard hours per unit (b) 1.50machine-hoursBudgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000unitsStandard hours per unit (b) 1.50machine-hoursStandard hours allowed for the actual production (a) ×
(b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$ 195,512 Actual hours 22,300machine-hoursThe total manufacturing overhead is underapplied or overapplied by how much? (Round your intermediate calculations to 2 decimal places.) A. $13,888 Overapplied B. $38,462 Overapplied C. $38,462 Underapplied D. $13,888 Underapplied