Question

TASK 1 - 4.1 Analyse standard costing techniques

State and analyse any three (3) features of standard costing
techniques

a)
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b)
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c)
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Answer #1

1. Cost Determination:

You can find out cost of the product based on the previous experience. Normaly standard costing is preparing based on our previous years data. So you will get some idea about the cost of your product based on your previous data.

2.Cost Comparison: You can compare the cost of your actual costing with that of standard costing. With this data you can improve the area where you are lacking which leads to cost reduction.

3. Control Variances: You an find out the variance of each area. If it is rate, quantity or output, you will come to know which you need to improve. If it is rate variance as unfavourable, you need to improve a better rate, and unfavourable quantity, you need to improve production like that.

1. A psychologist would like to examine the relative
effectiveness of three therapy techniques for treating mild
phobias. A sample of N = 15 individuals who display a
moderate fear of spiders is obtained. These individuals
are randomly assigned (with n = 5) to each of the three
therapies. The dependent variable is a measure of
reported fear of spiders after therapy. The data are as
follows:
Therapy
A Therapy
B Therapy
C
(Drug
Therapy) (Systematic
Desensitization) (Implosive
Therapy)
8 3 1
5 3 0 G
= 45
5 0 1 ∑X2
= 221
7 2 2
5 2 1
T...

Round any numerical answers to 3 decimal places.
1.) A weight loss study measures each participant’s
weight before the study and then 12 weeks into the study. A sample
of 31 participants enrolled in the study and the mean difference in
their weights (computed before – after) was found to be 4.1 pounds
with a standard deviation of 3.2 pounds. In Minitab Express,
conduct a paired means t-test to determine if there is evidence
that the participants on average lost...

A company uses a standard absorption costing system and adjusts
for any under or over absorbed overheads at the end of each period.
The company produces only one type of product. The unit standard
costs were the same in both March and April. Data for April
included:
Budget
Actual
Sales volume 90,000
units 85,000
units
Production volume 80,000 units
78,000 units
Total fixed production overheads $400,000
$395,000
Selling price per unit $11
$14
Variable production...

Let X be normally distributed with mean μ =
4.1 and standard deviation σ = 2. [You may find it
useful to reference the z table.]
a. Find P(X > 6.5).
(Round "z" value to 2 decimal places and final
answer to 4 decimal places.)
b. Find P(5.5 ≤ X ≤ 7.5).
(Round "z" value to 2 decimal places and final
answer to 4 decimal places.)
c. Find x such that P(X
> x) = 0.0594. (Round "z" value
and...

Match the following Ch.4.1 related terms
1) Solvent
2) Solution
3) Solutes
4) (aq)
a) indication of a hydration sphere
b) Compound making up majority of a homogenous mixture
c) A homogenous mixture
d) Molecules, ions or atoms that are soluble in the solvent

The task is to design a binary finite state automaton (FSA) to
accept all strings that represent valid messages (for the below
code given and parity property) and reject all others. The FSA must
be deterministic and reduced finite state acceptor in standard
form. Codes are as following: A = 00000 B = 0100 C = 011 Parity =
Odd 0, the entire message (including the check digit) has an odd
number of 1's. FOR EXAMPLE if your codes are...

Question 1
Which of the following reactions could be used to calculate the
standard state heat of formation of the products, if performed in a
calorimeter with one mole of each reactant, and performed
isothermally at 298 K?
a) 2NO2 (g) → N2O4 (g)
b) 4NH3 (g) + 5O2 (g) → 4NO (g) + 6H2O (g)
c) N2 (g) + 2O2 (g) → 2NO2 (g)
d) CO2 (aq) + H2O (l) → H2CO3 (aq)
e) H2 (g) + O2 (g)...

-Determine the probability of the following events. State any
assumptions that you use.
1.) What is the probability of not tossing 3 heads with three
fair coins?
- Odds. Use the definition given in the text to find both the
odds for and the odds against the following events.
1.) Flipping two fair coins and getting 2 heads
- Use the definition of odds in betting to find the following
odds.
1.) The odds on (against) your bet are 6...

Markov Chain
Transition Matrix for a three state system. 1 - Machine 1: 2-
Machine 2: 3- Inspection
1
2
3
1
0.05
0
.95
2
0
0.05
.95
3
.485
.485
.03
A. For a part starting at Machine 1, determine the
average number of visits this part has to each
state. (mean time until absorption, I believe)
B. 1-1, 2-2, & 3-3 represent BAD units (stays at state).
If a batch of 1000 units is started on Machine...

Below you have data for three variables collected from a
clothing boutique. The store features three lines based on price,
budget, mid-range, and high fashion. The data below represents 40
items from those lines, the number of sales for each item, and the
average liking score for each item based on a pre-sale focus group.
Answer the following questions: 1) Using excel's formulas determine
the mean, median, mode, standard deviation, and variance of the
liking score. 2) Using Data Analysis,...

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