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What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
Does prime cost plus conversion cost equal the cost of manufacturing?
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
What best describes a budget with equal expenditures and revenue?
balanced budget
When revenues equal expenditures the government budget is?
Cyclical.╓­­­■Taxen■╖
What should be equal to the balance of the Work In Process Inventory account at the end of the period?
The total manufacturing costs for the period
What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
What is manufacturing supplies inventory?
manufacturing supplies is equal to factory overhead
What is Assumptions for Variance Homogeneous?
Equal in Variance
What values can variance not equal in math?
Variance cannot be negative.
What does test measuring?
Equal Variance
Can the value of the variance ever equal the value of the standard deviation?
Yes; when the variance is one.
What is the difference between a balance sheet and a budget variance?
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
The square of the standard deviation is equal to?
The variance
What does Hartley's test measure?
Equal Variance
How do you prove that the sample variance is equal to the population variance?
You cannot prove it because it is not true.The expected value of the sample variance is the population variance but that is not the same as the two measures being the same.
Are the mean and variance equal in the poisson distribution?
yes
The sample variance is always smaller than the true value of the population variance is always larger than the true value of the population variance could be smaller equal to or?
yes, it can be smaller, equal or larger to the true value of the population varience.
