1.00 Ppm Is Equivalent To

question 18

Multiple Choice

1.00 ppm is equivalent to:

• A)1.00 %
• B)0.100 %
• C)0.0100 %
• D)0.000100 %
• E)0.0000010 %

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Definitions:

Prorated

The allocation or division of amounts or costs proportionally according to a specific rate, size, or timeframe.

WIP

An acronym for Work In Progress, which refers to the materials and products that are in the process of being manufactured but are not yet complete.

Underapplied Overhead

A situation where the estimated overhead expenses are lower than the actual costs incurred, creating a variance in financial reporting.

Overapplied Overhead

A situation where the amount of manufacturing overhead allocated to products exceeds the actual overhead costs incurred.