In the hypothesis testing procedure, ? is _____
a. the level of significance
b. the critical value
c. the confidence level
d. 1 ? level of significance
a
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Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsVariable overhead costs: Supplies$7,980 $8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost$ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours. What was the overall variable overhead efficiency variance for the month?
A. $950 Favorable B. $130 Unfavorable C. $1,310 Favorable D. $1,440 Unfavorable
During the interpretation and judgment stage, which of the following does not occur?
a) We clarify and translate information we have organized and give meaning. b) We make a judgment to form an opinion about the event or the person. c) We decide the cause of the behavior. d) We group information into meaningful orderly and useful sets.
According to Table 13-2, what is the cumulative probability that demand is less than or equal to 7?
A) 0.85 B) 0.95 C) 0.80 D) 0.15 E) None of the above
Under the Private Securities Litigation Reform Act of 1995, those who audit financial statements required by the 1934 Securities Exchange Act must establish procedures capable of:
A) detecting material illegal acts. B) identifying material related to party transactions. C) evaluating whether there is a substantial doubt about the issuer's ability to continue as a going concern during the next fiscal year. D) All of these.