The average length of a flight by regional airlines in the united states has been reported as 464 miles. if a simple random sample of 30 flights by regional airlines were to have a mean of 476.9 miles and a standard deviation of 42.8 miles, what would be the test statistics (t-value) if we are to test whether this tend to cast doubt on the reported average of 464 miles or not? use a two-tail test and the 0.05 level of significance in arriving at your answer. (specify your answer to the 3rd decimal.)

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Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.