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13-48 overhead variances Calculate the Efficiency variances?
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 $______
When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields what?
Price Variance
How to add standard deviations?
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
How do you calculate mean and Median smaller then Standard deviation?
In the same way that you calculate mean and median that are greater than the standard deviation!
How do you calculate variance given standard deviation?
Square the standard deviation and you will have the variance.
When comparing two variances or standard deviations is an f-test is used?
An F-test can be used for variances.
What do you call measurements that fall three standard deviations from the mean?
variances
What is significance of diagonal terms of variance-covariance matrix?
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.
13-48 overhead variances Calculate the Efficiency variances?
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 $______
When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields what?
Price Variance
List the variances of the model 70 300 HH Magnum?
Various grades were offered. Standard, Custom, etc..
What are the uses of a direct labor budget?
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.
What is standard form math?
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
How to add standard deviations?
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
What is heteroskadicity?
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.
Why we calculate standard deviation and quartile deviation?
we calculate standard deviation to find the avg of the difference of all values from mean.,
How do you calculate mean and Median smaller then Standard deviation?
In the same way that you calculate mean and median that are greater than the standard deviation!
