Which One of the Following Should Be Equal to the Total

question 87

Multiple Choice

Which one of the following should be equal to the total of the Work in Process Inventory account at the end of the period?

• A)The total of the amounts transferred from raw materials for the current period
• B)The sum of the costs shown on the job cost sheets of unfinished jobs
• C)The total of manufacturing overhead applied to work in process for the period
• D)The total manufacturing costs for the period

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Definitions:

Poisson Distribution

A probability distribution that measures the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a known constant mean rate and independently of the time since the last event.

Binomial Probability Distribution

A probability distribution showing the probability of x successes in n trials of a binomial experiment.

Skewed

Describes a distribution that is not symmetrical, with a long tail on either the right or left side, indicating that the data are not evenly distributed around the mean.

Probability Distribution

An equation in math that determines the chances of all the different possible results of a given experiment.