Answer the Following Question(s)using the Information Below

question 17

Multiple Choice

Answer the following question(s) using the information below.Rutch Corporation manufactured 54,000 door jambs during September.The fixed-overhead cost allocation rate is $50.00 per machine-hour.The following fixed overhead data pertain to September:

-What is the flexible-budget amount for fixed overhead?

• A)$63,888
• B)$53,400
• C)$49,250
• D)$51,750
• E)$57,500

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Definitions:

Degrees of Freedom

A concept in statistics that describes the number of values in the final calculation of a statistic that are free to vary when estimating parameters of a population.

Pooled Two-sample T Procedure

A statistical method that combines variances from two samples to test for a difference in means when the variances are assumed to be equal.

Two-sample T Procedures

Statistical methods used to compare the means of two independent groups under the assumption of normally distributed populations.

One-sample T Procedures

Statistical tests used to determine whether the mean of a single sample differs significantly from a known or hypothesized population mean.