A simple random sample of 49 Economics majors reported the number of hours that they spend per week studying economics (including lectures, sections,...
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1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48 hours per week during 50 weeks in the year). From the particulars given below calculate the prime cost and works cost of a work order No. 54 which passes through both shops: 


(1) Material consumed `1,000.


(2) Direct labor hours shop A -8hrs at '6.00 per hour


          Shop B-5hrs 7.50 per hour


3) Works overheads are to be levied by means of a direct hour rate


2.How can consumer satisfaction be measured using perspectives of financial and non-financial measures. 


3.What is just in time technique for managerial accounting.


4.How do you measure impact of managerial control on employees behavior


5.What are some alternative methods of measuring value of intangible assets


6.What impacts do managerial accounting for operation managers have in decision making and planning.


7.Discuss the need of database logical structures and their significance in effective management of database.


8.Why are retained earnings not distributed to shareholders in a public company. 


9.State and explain when a company should report a balanced sheet


10.Why is volume a totally independent variable from price in the marketIMG-20210329-WA0108.jpgIMG-20210329-WA0113.jpgIMG-20210329-WA0117.jpg

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A simple random sample of 49 Economics majors reported the number of hours that they spend per week studying economics (including lectures, sections, office hours and working on homework). The sample mean was 23 hours/week and the sample standard deviation was 7 hours/week. Assuming that the number of hours/week that economics majors spend studying economics has an approximately normal distribution. .. a. (2 pts) Estimate the proportion of economics majors that spend less than 30 hours per week studying economics. Explain your reasoning, briefly. b. (4 pts) Construct a 95%-confidence interval for the mean number of economics- studying hours/week for all economics majors.

How is economics different from sociology? O Economics does not rely on empirical observations. O Economics only focuses on macro level processes. O Economics is not a social science. O Economics concentrates on a single social institution.

Welfare economics Economics with a heart. The study of how different forms of economic activity and different methods of allocating scarce resources affect the well being of different individuals or countries. WELFARE economics focuses on questions about EQUITY as well as EFFICIENCY

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Subject: Business, Economics
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