Do hypothesis testing (t test)

Test to see if there is a difference between grade of male and female students - insert the SPSS output in the space below.

a- What would be the alternate hypothesis for the study?                                                

b- What would be the null hypothesis?                                                         

c- What Level of Significance do you choose?                                              

d- What is the computed t critical value for the study?                                

e- What is the P-value of the test?                  

f- What is the conclusion?

Assume that in October 2019 the Schmidt Machinery Company manufactured and sold 900 units for $710 each. During this month, the company incurred $387,000 total variable costs and $180,500 total fixed costs. The master (static) budget data for the month are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 900 units. 2. Compute for October 2019: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable (F) or unfavorable (U). b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable (F) or unfavorable (U). 3. Compute for October 2019: a. The total flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). b. The total variable cost flexible-budget variance. Indicate whether this variance was favorable (F) or unfavorable (U). c. The total fixed cost flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). d. The selling price variance. Indicate whether this variance was favorable (F) or unfavorable (U).

Given

actual fixed OH cost =$130,650

actual fixed selling and admin costs= $30,000

budgeted fixed factory OH costs =$120,000

budgeted fixed selling and admin costs=$30,000

1. fill in blanks

Prepare a flexible budget for the production and sale of 900 units.

2.

Compute for October 2019:

a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable (F) or unfavorable (U).

b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable (F) or unfavorable (U).

3.

Compute for October 2019:

a. The total flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U).

b. The total variable cost flexible-budget variance. Indicate whether this variance was favorable (F) or unfavorable (U).

c. The total fixed cost flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U).

d. The selling price variance. Indicate whether this variance was favorable (F) or unfavorable (U).

Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $98,300 as of October 1, which consists of $21,300 of direct materials and $77,000 of conversion costs.

During the month the company incurred the following costs:

During October, the company started 154,000 units and transferred 164,000 units to finished goods. At the end of the month, the work in process inventory consisted of 27,000 units that were 80% complete with respect to conversion costs.

Required:
1. Prepare the company’s process cost summary for October using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory.

Prepare the company’s process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Record the transfer of goods to finished goods inventory.

Based on what you read in your text and using at least one other resource, magazine or the Internet, write a summary of a strategy or strategies that you can use to help you manage stress. This summary should be 1 page long and you should cite the additional reference you used.

Suppose you have developed a print advertisement for a new brand of fashion clothes and want to determine how much awareness it generates.   

You have made arrangements with a magazine publisher who has given you telephone numbers of a random sample of its subscribers. You can send some of these people a copy of the magazine with the new advertisement in it and send others copies which are same in every other way but without the advertisement. Awareness will be measured using telephone interviews. In the present case, which of the following two designs will give you a more accurate result: (1) before-after with control group design, or (2) after-only with control group design? Clearly state why you say so, taking into consideration the specific nature of the task here. If you think both methods would give you equivalent results, clearly say so. (Ignore costs of administering the two designs.)

project 4

2. The Carolina Tobacco Company advertised that its best-selling nonfiltered cigarettes contain at most 40 mg of nicotine, but Consumer Advocate magazine ran tests of 10 randomly selected cigarettes and found the amounts (in mg) shown in the list below.

It’s a serious matter to charge that the company advertising is wrong, so the magazine editor chooses a significance level of α = 0.01 in testing her belief that the mean nicotine content is greater than 40 mg. Using a 0.01 significance level, test the editor’s belief that the mean is greater than 40 mg.

47.3   39.3   40.3   38.3   46.3   43.3   42.3   49.3   40.3   46.3

Show all the steps of your hypothesis test including a) the claim being tested , b) the null and alternative hypothesis, c) the test statistic, d) the p value, e) initial conclusion, and f) a final conclusion about the original claim.

1. The Carolina Tobacco Company advertised that its best-selling nonfiltered cigarettes contain at most 40 mg of nicotine, but Consumer Advocate magazine ran tests of 10 randomly selected cigarettes and found the amounts (in mg) shown in the list below. It’s a serious matter to charge that the company advertising is wrong, so the magazine editor chooses a significance level of α = 0.01 in testing her belief that the mean nicotine content is greater than 40 mg. Using a 0.01 significance level, test the editor’s belief that the mean is greater than 40 mg. 47.3 39.3 40.3 38.3 46.3 43.3 42.3 49.3 40.3 46.3 Show all the steps of your hypothesis test including a) the claim being tested , b) the null and alternative hypothesis, c) the test statistic, d) the p value, e) initial conclusion, and f) a final conclusion about the original claim.

2. The Carolina Tobacco Company advertised that its best-selling nonfiltered cigarettes contain at most 40 mg of nicotine, but Consumer Advocate magazine ran tests of 10 randomly selected cigarettes and found the amounts (in mg) shown in the list below. It’s a serious matter to charge that the company advertising is wrong, so the magazine editor chooses a significance level of α = 0.01 in testing her belief that the mean nicotine content is greater than 40 mg. Using a 0.01 significance level, test the editor’s belief that the mean is greater than 40 mg. 47.3 39.3 40.3 38.3 46.3 43.3 42.3 49.3 40.3 46.3 Show all the steps of your hypothesis test including a) the claim being tested , b) the null and alternative hypothesis, c) the test statistic, d) the p value, e) initial conclusion, and f) a final conclusion about the original claim.

Select the most effective survey instrument (mailed survey, telephone survey, personal interview or email poll) for collecting the following data. Justify your answer.

1. For a feature article in a magazine, the magazine would like to determine how many of its subscribers regularly exercise.
2. A research company is collecting data surrounding consumer preferences of common household cleaning products within five geographic regions.

3. The business college needs to determine how many students will register for internships next semester.

4. As an ongoing effort to improve customer satisfaction, a department store would like to receive feedback from customers on their most recent purchases.

5. The human resources department would like to determine which health benefits packages employees prefer.

6. The manager of a fast-food restaurant would like to obtain feedback from employees on their opinions of a new corporate policy requiring that all employees complete peer reviews on a quarterly basis.

Q1

During December 2009, Fashion Vixen Publishing sold 2,000 12-month annual magazine subscriptions at a rate of $20 each. The first issues were mailed in February 2009. Prepare the entries on Fashion Vixen’s books to record the sale of the subscriptions and the mailing of the first issues.

Q2

On December 1, B-win Company introduces a new product that includes a one-year warranty on parts. In December, 200 units are sold. Management believes that 2% of the units will be defective and that the average warranty costs will be $30 per unit. Prepare the adjusting entry at December 31 to accrue the estimated warranty cost

Q3

During December 2008, Fashion Vixen Publishing sold 2,500 12-month annual magazine subscriptions at a rate of $30 each. The first issues were mailed in February 2009. Prepare the entries on Fashion Vixen’s books to record the sale of the subscriptions and the mailing of the first issues.