Which of the Following Is True

question 36

Multiple Choice

Which of the following is true?

• A)Loan origination fees are around 10-20 percent
• B)Loan application fees range from $100 to $500
• C)Points are $100-$200 per $1,000 of the home's value
• D)Appraisal costs range between 15-20 percent of the value of the house

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Definitions:

Units Transferred Out

The completed units moved out of a production process or cost center to the next process, or finished goods inventory, during a period.

August

The Gregorian calendar's eighth month.

Weighted-Average Method

A costing method that calculates the cost per unit by dividing the total cost by the total number of units produced, treating all units as equal regardless of when they were actually manufactured.

Assembly Department

A division in a manufacturing plant where components are joined together to form a finished product.