In testing the difference between two population variances are unknown and not assumed to be equal, two independent samples are drawn from the populations. Which of the following tests is appropriate?
A. z-test.
B. pooled variances t-test.
C. unequal variances t-test.
D. None of these choices.
Analysis:
A. Incorrect. The unequal variances t-test is appropriate.
B. Incorrect. The unequal variances t-test is appropriate.
C. Correct. The unequal variances t-test is appropriate.
D. Incorrect. The unequal variances t-test is appropriate.
ANSWER C
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The best method of attaining a low-cost position is to:
A) take advantage of economies of scale and experience curve. B) take advantage of global raw material acquisition. C) take advantage of non-union workers. D) send production to low-wage countries.
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) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard 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-hours ?The fixed component of the predetermined overhead rate is closest to: A. $8.54 per machine-hour B. $8.25 per machine-hour C. $12.38 per machine-hour D. $5.69 per machine-hour
On January 1, a company issues 8%, 5-year, $300,000 bonds that pay interest semiannually each June 30 and December 31. On the issue date, the annual market rate of interest for the bonds is 10%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:Present value of an annuity (series of payments) for 10 periods at 4%8.1109Present value of an annuity (series of payments) for 10 periods at 5%7.7217Present value of 1 (single sum) for 10 periods at 4%0.6756Present value of 1 (single sum) for 10 periods at 5%0.6139
What will be an ideal response?
An auditor established a $60,000 tolerable misstatement for an account balance of $1,000,000. The auditor selected a sample of every twentieth item from the population of 1,000 items that represented the asset account balance and discovered overstatements of $3,700 and understatements of $200. Under these circumstances, the auditor most likely would conclude that
A. There is an unacceptably high risk that the actual misstatements in the population exceed the tolerable misstatement because the total projected misstatement is more than the tolerable misstatement. B. There is an unacceptably high risk that the tolerable misstatement exceeds the sum of actual overstatements and understatements. C. The asset account is fairly stated because the total projected misstatement is less than the tolerable misstatement. D. The asset account is fairly stated because the tolerable misstatement exceeds the net of projected actual overstatements and understatements.