ACCT 4133
This chapter focuses on the steps taken by businesses to achieve their planned
levels of profits a process called profit planning. Profit planning is accomplished
by preparing numerous budgets, which, when brought together, form an
integrated bu
Quiz 5
Name: _
Feb. 18th, 2011
The teachers at a daycare are preparing a class of 10 kids for their Christmas show. They have 3
different songs, 4 different dances and 2 different games for the show.
1. How many possible ways are there to arrange these pe
1. Let f ( x)
c *(3 x)
0
1
x 3
.
everywhere else
(17 points)
a) Find the value of c that makes this a legitimate pdf. (3 points)
You know that a legitimate pdf integrates to 1 over its limits. So, to do this problem, ignore c to begin
3
with. 3 x dx
1
2
3
1. The manufacturing company of goldfish snack crackers makes 60% of their goldfish
with smiles. For each of the following scenarios, write the correct distribution and its
parameters. If an approximation can be used, write both the exact and the
approxim
Stat 225 - Quiz 07
Name _
Spring 2012
You have 10 minutes to complete the problem below. Show sufficient work to receive full credit. You
must work on the problem you are given: trading quiz sheets will result in a 0 for both parties. If a
decimal answer
Stat 225 - Quiz 11
Name _
Fall 2011
You have 10 minutes to complete the problem below. Show sufficient work to receive full credit. You
must work on the problem you are given: trading quiz sheets will result in a 0 for both parties. If a
decimal answer is
Stat 225 - Quiz 06
Name _
Spring 2012
You have 10 minutes to complete the problem below. Show sufficient work to receive full credit. You
must work on the problem you are given: trading quiz sheets will result in a 0 for both parties. If a
decimal answer
Quiz 3
Name: _
Feb. 7th , 2011
A sample of 5 people has been collected and the information on two variables: X and Y
are recorded.
X
3
6
7
9
10
Y
12
14
10
15
19
a. Find the mean of X. (2 points)
b. Find the variance of X. (8 points)
c. Given that the cova
Quiz 4
Name: _
(Please put your name on both pages)
Feb 14th , 2010
50 girls in STAT225 were polled and asked what gift they want on a Valentines Day.
The answers are:
22 girls want chocolate.
35 girls want flowers.
9 girls dont want any gift.
Let C be th
Stat 225 - Quiz 07
Name _
Fall 2011
You have 10 minutes to complete the problem below. Show sufficient work to receive full credit. You
must work on the problem you are given: trading quiz sheets will result in a 0 for both parties. If a
decimal answer is
1. Tyler polls 169 Indiana men in order to find a friend to play sports with. 88 men like basketball,
69 like baseball, and 51 like golf. However, 26 of them do not like any of the 3 sports. 33 like
baseball and basketball, 29 like basketball and golf, an
Stat 225 - Quiz 11
Name _
Spring 2012
You have 10 minutes to complete the problem below. Show sufficient work to receive full credit. If a
decimal answer is not exact, please round to 4 decimal places.
1. Please use the following scatterplot to answer all
ACCT 4133
Operating budgets ordinarily cover a one-year period corresponding to a
companys fiscal year. Many companies divide their annual budget into four
quarters. In this chapter, we focus on one-year operating budgets.
A self-imposed budget or partici
ACCT 4133
The master budget consists of a number of separate but interdependent budgets.
The sales budget shows the expected sales for the budget period expressed in
dollars and units. It is usually based on a companys sales forecast. All other
parts of t
ACCT 4133
The first step in preparing this budget is to multiply the variable selling and
administrative expense rate by the number of units sold.
The second step is to add in the fixed selling and administrative expenses to
arrive at total selling and ad
ACCT 4133
A standard is a benchmark or norm for measuring performance. In managerial
accounting, two types of standards are commonly used by manufacturing,
service, food and not-for-profit organizations:
Quantity standards specify how much of an input sho
ACCT 4133
Setting price and quantity standards requires the combined expertise of everyone
who has responsibility for purchasing and using inputs. In a manufacturing
setting, this might include managerial accountants, engineers, purchasing
managers, produ
ACCT 4133
The least-squares regression method can be used to analyze mixed costs if a
scatter-graph plot reveals an approximately linear relationship between the X and
Y variables.
This method uses all of the data points to estimate the fixed and variable
ACCT 4133
Variable Costing - use variable costing to prepare a contribution format income
statement and contrast absorption costing and variable costing.
Absorption costing treats all manufacturing costs as product costs, regardless of
whether they are va
ACCT 4133
The contribution income statement is helpful to managers in judging the impact
on profits of changes in selling price, cost, or volume. Notice that:
o The emphasis is on cost behavior. Variable costs are separate from fixed
costs.
o The contribu
ACCT 4133
The equation and contribution margin methods can be used to determine the
sales volume needed to achieve a target profit.
The margin of safety is the excess of budgeted (or actual) sales over the breakeven volume of sales.
Cost structure refers
Chapter 15 - Leases
Chapter15Leases
QUESTIONSFORREVIEWOFKEYTOPICS
Regardlessofthelegalformoftheagreement,aleaseisaccountedforaseither
arentalagreementorapurchase/saleaccompaniedbydebtfinancingdependingon
the substance of the leasing arrangement. Capital l