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Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
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How do you find the z score of 12.5?
To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.
The mean of the discrete random variable X is 18.59 What is the variance of X?
23.18
What is heteroscadacity?
In regression analysis , heteroscedasticity means a situation in which the variance of the dependent variable varies across the data. Heteroscedasticity complicates analysis because many methods in regression analysis are based on an assumption of equal variance.
Why not simply use the mean value of the regressand as its best value?
Variance" is a mesaure of the dispersion of the probability distribution of a random variable. Consider two random variables with the same mean (same aver-age value). If one of them has a distribution with greater variance, then, roughly speaking, the probability that the variable will take on a value far from the mean is greater.
Why is the standard deviation used more frequently than the variance?
The standard deviation has the same measurement units as the variable and is, therefore, more easily comprehended.
What is the fixed manufacturing overhead budget variance equal to?
Fixed manufacturing overhead budget variance is?
What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
What is the difference between variable overheads cost variance andfixed overheads cost variance?
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
What is One potential cause of Total Manufacturing Overhead Variance?
If the estimated materials, labor or overhead costs allocated for a manufacturing order is different from the actual cost of the MO then the potential result is a Manufacturing Overhead Variance.
What is combined overhead variance?
Combined overhead variance = fixed overhead variance + variable overhead varianceFixed Overhead :which remains fixed and donot change upto certain level of productionVariable Overhead: which keep changing with the change in production units.
Is Manufacturing cost is overhead or variable?
Manufacturing cost is variable cost.
Manufacturing overhead - fixed or variable cost?
Compute the actual and budgeted manufacturing overhead rate
What is variable manufacturing overhead spending variance?
Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
If the controllable overhead variance is favorable the overhead volume variance?
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
Variable manufacturing overhead cost per direct labor hour?
Variable manufacturing overhead cost per direct labor hour means the variable overhead cost spent for one single labor hour and formula is as follows:Variable overhead cost per labor hour = total variable overhead cost / Total direct labor hours
When calculating total cost do you add in variable manufacturing overhead fixed manufacturing overhead or both?
Following is the formula for total costtotal cost = fixed overheads + variable overheads + direct labor + direct material
Direct materials plus direct labor plus variable overhead equals?
Total Manufacturing Cost
