A Regional Survey Was Carried Out to Gauge Public Opinion

question 5

Multiple Choice

A regional survey was carried out to gauge public opinion on the controversial Arizona
Immigration Law.Based on the results displayed in the table below, what percent of
Respondents is Independent?
$$\begin{array} { | l | l | l | l | } \hline \text { Response } & \text { Democrat } & \text { Republican } & \text { Independent } \\\hline \text { Favor } & 50 & 93 & 35 \\\hline \text { Oppose } & 85 & 45 & 60 \\\hline \text { Don't Know } & 5 & 7 & 20 \\\hline\end{array}$$

• A)35%
• B)9%
• C)29%
• D)45%
• E)25%

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Definitions:

Process Costing System

An accounting method used to allocate costs to units of production in continuous processes, suitable for homogenous products.

Work In Process Inventory

The direct materials costs, the direct labor costs, and the applied factory overhead costs that have entered into the manufacturing process but are associated with products that have not been finished.

Work In Process Inventory

The value of unfinished goods in the production process at a given point in time.

Conversion Costs

The combination of labor costs and overhead expenses involved in transforming materials into finished goods.