An Asset Had Returns of 14%, 26%, - 13%, 8

question 77

Multiple Choice

An asset had returns of 14%, 26%, - 13%, 8%, and 12% over the past five years. What was the variance of the returns?

• A) .01287
• B) .01614
• C) .02018
• D) .02632
• E) .03512

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Definitions:

Ending Work in Process Inventory

The value of partially completed goods at the end of an accounting period.

Weighted-Average Methods

An inventory costing method that assigns an average cost to each unit, based on the weighted average of the costs of the goods available for sale.

Direct Labor Costs

Direct labor costs are the wages and other benefits paid to employees who are directly involved in the production of goods or services.

Processing Departments

Divisions within a manufacturing operation where a specific stage of production is completed.