Ralph Corporation Has Computed the Following Unit Costs for the Year

question 59

Multiple Choice

Ralph Corporation has computed the following unit costs for the year just ended: $\begin{array} { | l | c | } \hline \text { Direct material used } & \$ 21 \\\hline \text { Direct labour } & 27 \\\hline \text { Variable manufacturing overhead } & 31 \\\hline \text { Fixed manufacturing overhead } & 33 \\\hline \text { Variable selling and administrative cost } & 15 \\\hline \text { Fixed selling and administrative cost } & 37 \\\hline\end{array}$ Under absorption costing, each unit of the company's inventory would be carried at:

• A)$46.
• B)$52.
• C)$112.
• D)$127.
• E)164.

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Definitions:

F Statistic

A ratio used in the analysis of variance (ANOVA) to determine whether there are significant differences between the means of three or more groups.

P-value

The probability of observing results at least as extreme as those measured when the null hypothesis is true.

Stress Level

The degree of strain or pressure individuals feel in response to various situations.

Self-rated Happiness

A person's personal evaluation of their own joy and welfare.