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Long Island Manufacturing Company developed the following information for its service departments, S1 and S2, and its production departments, P1 and P2:
-Using the direct method of service department cost allocation,how much is to be allocated from S2 to P2 if calculations are rounded to the nearest dollar?
Mean
The mean of a collection of numbers, found by dividing their total sum by the quantity of numbers in the set.
μ
The symbol commonly used to represent the mean or average of a population in statistics.
σ
Represents the standard deviation of a population in statistics, measuring the dispersion of dataset values from the mean.
Normally Distributed
Refers to a probability distribution that is even on both sides of its mean, indicating that values close to the mean happen more often than values far from the mean.
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