Answer: a. 2.8
Explanation:
Given : Population mean : 
Sample size : n= 49> 30 , the sample is a large sample we use z-test.
Sample mean = 
Standard deviation : 
The test statistic for population mean is given by :-
Hence, the value of the test statistic is 2.8
Answer:
Ad hoc
Explanation:
Ad hoc is not a recognized type of plan. The following are plans that are 100% recognizable:
Business plan, Succession plan and Financial plan.
Ad hoc is a Latin word which means "for this" or "for this situation". In English, it is used to explain what has been formed for a special purpose without planning.
Answer:
a, Journal Entries to record transactions
Account Titles Debit Credit
Cash $5,412.36
Cash Short and Over $0.71
($5,413.07 - $5,412.36)
Sales $5,413.07
The actual cash in cash register is debited to cash account and cash receipts per cash register tally is credited to sales account and the balancing figure is debited or credited to Cash short and over account.
b. Journal Entries to record transactions
Account Titles Debit Credit
Cash $3,712.95
Cash Short and Over $0.79
(3,712.95 - 3,712.16)
Sales $3,712.16
Answer:
Explanation:
Mainly there are three types of cost i.e variable cost, fixed cost, and the mixed cost. The variable cost is that cost which is change when the production level change in the same proportion like as in double units. whereas the fixed cost is that cost which remains constant whether production level changes or not
. The mixed cost is that cost which include some part of variable cost and the fixed cost
So, the variable cost includes indirect material, indirect labor, and factory supplies
The fixed cost includes supervision, taxes ,and depreciation expense.
The mixed cost includes utilities,maintenance,etc
So, the categorization is shown below:
Indirect labor - Variable cost
Property taxes - Fixed cost
Direct labor - Variable cost
Direct material - Variable cost
Depreciation - Fixed cost
Utilities - Mixed cost
Maintenance - Mixed cost
