With a certain medical insurance policy, the customer must first pay an annual $100 deductible, and then the policy covers 60% of the cost of dental work. The first dental insurance claims for a specific year submitted by a person are for two procedures. The first procedure cost $700, and the second procedure cost $990. How much, in total, will he need to pay for these procedures?
In: Statistics and Probability
With a certain medical insurance policy, the customer must first pay an annual $100 deductible, and then the policy covers 80% of the cost of x-rays. The first insurance claims for a specific year submitted by a person are for two x-rays. The first x-ray cost $620, and the second x-ray cost $960. How much, in total, will he need to pay for these x-rays?
In: Advanced Math
A professor of History is teaching a section of 100 students. Her first exam’s grade distribution is as follows. Calculate the standard deviation for this grouped data.
|
Exam grades |
Frequency |
|
45 to < 50 |
1 |
|
50 to < 55 |
2 |
|
55 to < 60 |
6 |
|
60 to < 65 |
19 |
|
65 to < 70 |
12 |
|
70 to < 75 |
22 |
|
75 to < 80 |
12 |
|
80 to < 85 |
13 |
|
85 to < 90 |
11 |
|
90 to < 95 |
0 |
|
95 to < 100 |
2 |
In: Statistics and Probability
1. A business operated at 100% of capacity during its first month, with the following results:
| Sales (114 units) | $638,400 | |
| Production costs (142 units): | ||
| Direct materials | $85,961 | |
| Direct labor | 21,948 | |
| Variable factory overhead | 38,408 | |
| Fixed factory overhead | 36,579 | 182,896 |
| Operating expenses: | ||
| Variable operating expenses | $5,576 | |
| Fixed operating expenses | 4,166 | 9,742 |
The amount of operating income that would be reported on the absorption costing income statement is
a. $638,258
b. $511,192
c. $515,358
d. $481,826
2.
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material at $5.20 and standard costs for 4,430 pounds of material at $6.00 per pound.
The direct materials quantity variance is
a. $3,720 unfavorable
b. $1,320 unfavorable
c. $3,720 favorable
d. $1,320 favorable
In: Accounting
Flip a fair coin 100 times. Let X equal the number of heads in the first 65 flips. Let Y equal the number of heads in the remaining 35 flips.
(a) Find PX (x) and PY (y).
(b) In a couple of sentences, explain whether X and Y are or are
not independent?
(c) Find PX,Y (x, y).
In: Statistics and Probability
A business operated at 100% of capacity during its first month, with the following results:
| Sales (112 units) | $560,000 | |
| Production costs (140 units): | ||
| Direct materials | $70,000 | |
| Direct labor | 17,500 | |
| Variable factory overhead | 31,500 | |
| Fixed factory overhead | 28,000 | 147,000 |
| Operating expenses: | ||
| Variable operating expenses | $5,860 | |
| Fixed operating expenses | 3,680 | 9,540 |
The amount of operating income that would be reported on the variable costing income statement is
a.$559,860
b.$427,260
c.$458,940
d.$550,460
In: Accounting
It is the first day of spring, and a gloomy 100-day winter has finally ended. Over those 100 days, 36 of them were clear, 24 of them were cloudy (but not rainy), and the remaining 40 were rainy. Denote the probability that a given winter day next year will be clear, cloudy, and rainy, respectively, and assume that next winter’s weather will follow the same pattern as this year’s. Please derive expressions for the maximum-likelihood estimates of Pclear, Pcloudy and Prainy, in terms of this winter’s weather data.
In: Statistics and Probability
Suppose a chemical reaction is first order and has a half-life of 2.5 hr at 100 ºC. Which of the following statements is false regarding this reaction if the temperature is changed?
Question 5 options:
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In: Chemistry
A business operated at 100% of capacity during its first month, with the following results:
| Sales (106 units) | $498,200 | |
| Production costs (132 units): | ||
| Direct materials | $67,065 | |
| Direct labor | 17,123 | |
| Variable factory overhead | 29,965 | |
| Fixed factory overhead | 28,539 | 142,692 |
| Operating expenses: | ||
| Variable operating expenses | $6,403 | |
| Fixed operating expenses | 4,854 | 11,257 |
The amount of operating income that would be reported on the absorption costing income statement is
a.$395,275
b.$400,129
c.$372,357
d.$498,068
In: Accounting
A business operated at 100% of capacity during its first month and incurred the following costs:
| Production costs (18,100 units): | ||
| Direct materials | $171,800 | |
| Direct labor | 220,400 | |
| Variable factory overhead | 256,100 | |
| Fixed factory overhead | 102,000 | $750,300 |
| Operating expenses: | ||
| Variable operating expenses | $128,600 | |
| Fixed operating expenses | 43,000 | 171,600 |
If 1,600 units remain unsold at the end of the month and sales total $1,143,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?
a.$278,370
b.$81,494
c.$57,308
d.$66,325
In: Accounting