Case EX 13-2 Gregory Works for the Local Public Television

question 570

Multiple Choice

Case EX 13-2 Gregory works for the local public television station. The station has recently held a TV pledge drive and they have received a large number of pledges from viewers and businesses. The data about the pledge drive is stored in a worksheet. The worksheet has six columns: First Name, Last Name, Address, Phone, Pledge, Received. The Received column contains "Yes" or "No" values depending on whether the amount pledged has been received by the station. From only the pledges which have been received, Gregory wants to find out the average amount pledged. He can first filter the data and then use the ____ function.

• A) SUMIF
• B) COUNTA
• C) COUNT
• D) Subtotal

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Definitions:

Cost Of Production Report

A document detailing the total cost incurred during the production of goods, including material, labor, and overhead expenses.

Work In Process

Inventory that is in the production process and is not yet complete; it includes raw materials, labor, and overhead costs incurred for products that are at various stages of production.

Direct Materials

Raw materials that are directly used in the production of a product and can be easily traced to the finished product.

Conversion Costs

Sum of labor costs and overhead expenses associated with the transformation of raw materials into finished goods.