Donegal’s Has Compiled the Following Information What Is the Operating Cash Flow for the Year?
A)$90,900

question 3

Multiple Choice

Donegal’s has compiled the following information: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 406,300 \\\hline \text { Interest paid } & 21,200 \\\hline \text { Long-term debt } & 248,700 \\\hline \text { Owners' equity } & 211,515 \\\hline \text { Depreciation } & 23,800 \\\hline \text { Accounts receivable } & 24,400 \\\hline \text { Other costs } & 38,600 \\\hline \text { Inventory } & 41,500 \\\hline \text { Accounts payable } & 22,600 \\\hline \text { Cost of goods sold } & 218,900 \\\hline \text { Cash } & 16,300 \\\hline \text { Taxes } & 34,100 \\\hline\end{array}$$ What is the operating cash flow for the year?

• A)$90,900
• B)$96,700
• C)$114,700
• D)$93,500
• E)$102,600

Explain and calculate the volume variance.

Understand and calculate the overhead cost variance.

Determine and analyze direct labor total variance.

Calculate and analyze direct materials total variance.

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Definitions:

T-statistic

The T-statistic is a ratio used in hypothesis testing that compares the difference between an observed sample mean and a known value, to the standard error of the mean.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, typically set against the alternative hypothesis in statistical testing.

Alpha

A coefficient used in statistics that represents the level of significance, often denoted as the probability of rejecting a true null hypothesis.

T-statistic

A type of statistic used in hypothesis testing, calculated to compare the mean of a sample to the known mean of the population.