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standard actual

n.o of men employed 100 90

output in units 5000 4800

no. of working days in a month 20 18

avg.wages per men per month rs.200 rs.198

Q: Calculate variances from the following data no of men employed standard 100 actual 90 output in units standard 5000 actual 4800 no of working days in a month standard 20 actual 18 avg?

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Overhead Variances 13-48 pg 62213-48 Overhead VariancesStudy Appendix 13. Consider the following data for the Rivera Company:Factory OverheadFixed VariableActual incurred $14,200 $13,300Budget for standard hours allowedfor output achieved 12,500 11,000Applied 11,600 11,000Budget for actual hours of input 12,500 11,400From the above information, fill in the blanks below. Be sure to mark your variances F for favorableand U for unfavorable.a. Flexible-budget variance $______ Fixed $______Variable $______b. Production-volume variance $______ Fixed $______Variable $______c. Spending variance $______ Fixed $______Variable $______d. Efficiency variance $______ Fixed $______Variable $______

Price Variance

Square each standard deviation individually to get each variance. Add the variances, divide by the number of variances and then take the square root of that sum. ---------------------------- No, independent linear variables work like this: If X and Y are any two random variables, then mX+Y = mX + mY If X and Y are independent random variables, then s2X+Y = s2X + s2Y

In the same way that you calculate mean and median that are greater than the standard deviation!

Square the standard deviation and you will have the variance.

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An F-test can be used for variances.

variances

The diagonal terms give the variances. The square root of which gives the standard deviations. The diagonal terms give the variances. The square root of which gives the standard deviations.

Overhead Variances 13-48 pg 62213-48 Overhead VariancesStudy Appendix 13. Consider the following data for the Rivera Company:Factory OverheadFixed VariableActual incurred $14,200 $13,300Budget for standard hours allowedfor output achieved 12,500 11,000Applied 11,600 11,000Budget for actual hours of input 12,500 11,400From the above information, fill in the blanks below. Be sure to mark your variances F for favorableand U for unfavorable.a. Flexible-budget variance $______ Fixed $______Variable $______b. Production-volume variance $______ Fixed $______Variable $______c. Spending variance $______ Fixed $______Variable $______d. Efficiency variance $______ Fixed $______Variable $______

Price Variance

Various grades were offered. Standard, Custom, etc..

Direct labor budget utilized to compare the actual direct labor cost and standard cost for specific task and for controlling purpose so that if there are variances those variances could be eliminated to bring the actual cost to budgeted cost.

it is numbers It is ax+by=c where there is a, b, c, and to calculate the slope of a standard form you could use the following: m(slope)=-a/b, and b(y-intercept) b=C/B

we calculate standard deviation to find the avg of the difference of all values from mean.,

Square each standard deviation individually to get each variance. Add the variances, divide by the number of variances and then take the square root of that sum. ---------------------------- No, independent linear variables work like this: If X and Y are any two random variables, then mX+Y = mX + mY If X and Y are independent random variables, then s2X+Y = s2X + s2Y

Finance:When the standard deviations of a variable, monitored over time, are non-constant.Math:An irregular scattering of values in multiple distributions with a comparable scatter of variances.

In the same way that you calculate mean and median that are greater than the standard deviation!