Instruction 15-8
Data on the Percentage of 200 Hotels in Each

question 23

Short Answer

Instruction 15-8
Data on the percentage of 200 hotels in each of the three large cities across the world on whether minibar charges are correctly posted at checkout are given below.
$$\begin{array} { | c | c | c | c | } \hline & \text { Hong Kong } & \text { New York } & \text { Paris } \\\hline \text { Yes } & 86 \% & 65 \% & 78 \% \\\text { No } & 14 \% & 24 \% & 22 \% \\\hline\end{array}$$ At the 0.05 level of significance, you want to know if there is evidence of a difference in the proportion of hotels that correctly post minibar charges among the three cities.
-Referring to Instruction 15-8,the expected cell frequency for the Paris/No cell is_______

Identify the responsibilities of the person managing the budget process.

Calculate inventory purchasing requirements based on sales forecasts and inventory levels.

Understand the different types of budgets within an organization (overhead, cash, etc.).

Comprehend the significance of program budgeting and its focus on the achievement of objectives.

---

Definitions:

Work in Process

Inventory that includes materials that are currently being processed into finished goods but are not yet complete.

Property, Plant, and Equipment

Long-term tangible assets used in the operation of a business that are expected to be used over several years, including buildings, machinery, and vehicles.

Direct Materials Variances

The difference between the budgeted cost of direct materials and the actual cost incurred.

Fixed Overhead

The portion of total overhead costs that do not change with the level of production or activity within a certain range.