What Does the Circuit Symbol in the Figure Mean

question 122

Multiple Choice

What does the circuit symbol in the figure mean?

• A) NOT-gate
• B) OR-gate
• C) AND-gate

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Definitions:

Materials Costs

The direct costs associated with the raw materials used in the manufacturing of a product.

Weighted-Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in inventory valuation.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed equivalent units.

Conversion Costs

Costs incurred to convert raw materials into finished products, which include direct labor and manufacturing overhead.