The population is the 10,900 respondents to the American Time Use Survey.
Explanation & Solution:
Statistics indicate that a large number of findings with similar features are related to in the population.
A sample is a subset from which it has been extracted.
"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.
An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.
The size of the U.S. Time Utilization Survey is 10,900.
1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)
Answer:
A.Incremental income(loss)
Sales as scrap $39,000
Rework $41,600
B.The company should REWORK
Explanation:
A. Sales as Scrap Rework
Sales of scrap units ($13,000×3.00)
$39,000
Sales of rework units ($13,000×8.20)
$106,600
Cost to rework units($13,000×5.00) $65,000
Incremental income(loss)
$39,000 $41,600
B.Therefore the company should REWORK
($106,600-$65,000)
=$41,600
Answer:
a. not able to be determined from the provided information.
Explanation:
For determining the over applied or under applied, first, we have to compute the predetermined rate based on the direct material cost which is
= $700,000 ÷ $1,000,000
= $0.70
Now the applied overhead is
= $0.70 × $1,200,000
= $840,000
And, the actual overhead amount is not given by which we can find out the underapplied or overapplied overhead amount
So, in this case, the correct option is a.
