Hummingbird Manufacturing Manufactures Small Parts and Uses an Activity-Based Costing

question 140

Multiple Choice

Hummingbird Manufacturing manufactures small parts and uses an activity-based costing system. The following parts were produced in October with the following information:
Total manufacturing costs for part A is

• A)$7,450.
• B)$5,200.
• C)$10,450.
• D)$8,200.

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Definitions:

Fraudulent Sale

A transaction in which deception is used to gain a dishonest advantage, typically involving the misrepresentation of the value or condition of an item or service.

Executive Branch

The branch of government responsible for implementing and enforcing the laws passed by the legislative body, typically headed by the president or prime minister.

SEC

The U.S. Securities and Exchange Commission, responsible for regulating the stock market and protecting investors by ensuring fairness and transparency.

Fraud-on-the-market Theory

A judicial presumption that the price of a company's stock reflects all publicly known information, including fraudulent statements, affecting investors' decisions.