The Following Data Is Provided for the S&P 500 Index

question 30

Multiple Choice

The following data is provided for the S&P 500 Index:
-Refer to the information above. Calculate the geometric average annual rate of return on the 500 Index for the last five years shown.

• A)12.83%
• B)13.15%
• C)3.66%
• D)12.44%

---

Definitions:

Underapplied Manufacturing Overhead

Refers to the situation where the actual manufacturing overhead costs are higher than the overhead costs allocated to products during a specific period.

Finished Goods Inventory

Represents the stock of completed products that are ready to be sold to customers.

Underapplied Manufacturing Overhead

A scenario in which the assigned manufacturing overhead expenses fall short of the real overhead costs experienced.

Overapplied Manufacturing Overhead

Refers to a situation where the estimated manufacturing overhead cost allocated to products is more than the actual overhead costs incurred.