A company manufactures remote control robot kits. During Jun…
A company manufactures remote control robot kits. During June, the transactions and accounts included the following:Raw materials acquired for cash$45,000Direct labor cost incurred52,000Total manufacturing overhead incurred37,000Total manufacturing overhead applied 40,000Raw materials inventory, beginning9,000Raw materials inventory, ending4,500Work in process inventory, beginning12,000Work in process inventory, ending15,100Underline and bold your final answer for each of the 4 questions below. You are required to show your math work to earn any points. a. What is the amount of raw materials used during the month? (1)b. If $1,500 of indirect raw materials were used in production during the month, what is the amount of direct materials transferred out of Raw Materials Inventory during the month? Show your work to find this answer on the 2nd line of the answer area. (1)You are not required to prepare the cost of goods manufactured schedule in good order for the next question and can instead just show the numbers you use to compute the amounts needed to find cost of goods manufactured.c. What is the cost of goods manufactured? Show all the numbers you used to compute this total in the answer area below. (2)d. Was manufacturing overhead over or underapplied? (1)
Read DetailsA job was recently completed. The following data have been r…
A job was recently completed. The following data have been recorded on its job cost sheet:Direct materials$4,150Direct labor-hours75 labor-hoursDirect labor wage rate$ 25 per labor-hourActual machine-hours125 machine-hoursEstimated machine-hours128 machine-hoursThe company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $25 per machine-hour. The total cost that would be recorded on the job cost sheet for the job would be:
Read DetailsWhile training a logistic regression model, you try the weig…
While training a logistic regression model, you try the weights w0=-2, w1=1. Assume your dataset consists of two independent points (-5,0) and (3,1). Which of the following represents the log-likelihood function of your data?
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