7. the world bank reports that 1.7% of the us population lives on less than $2 per day. a policy maker claims that this number is misleading because of variation from state to state and rural to urban. to investigate this, she takes a random sample of 100 households in atlanta to compare with the national average and finds that 2.1% of the atlanta population live on less than $2/day. following is her hypothesis testing to determine whether atlanta differs significantly from the national percentage. h0: p = 2.1, ha: p ≠ 2.1 she finds that the z statistics is high, so the p value is much lower than .001 and < alpha. her conclusion is that there is enough evidence in the data to reject the null hypothesis and to believe that it is different from 2.1%. a) should her boss accept her results and conclusion b) should her boss fire her saying she is incompetent? c) cannot tell

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.