Answer the Following Questions Using the Information Below

question 67

Multiple Choice

Answer the following questions using the information below:
The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line.Its' costing system uses two cost categories, direct materials and conversion costs.Each tractor must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of the production process.Conversion costs are allocated evenly throughout production.Townsend Tractor uses weighted-average costing.
-What amount of direct materials costs are assigned to the Townsend Company ending Work-in-Process account for April?

• A)$248,387.10
• B)$250,000.00
• C)$143,750.00
• D)$145,312.50
• E)$116,250.00

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Definitions:

Interval Estimate

A range of values used to estimate a population parameter, typically constructed with a specific confidence level to contain the parameter.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.

Point Estimate

A single value or statistic that is used to estimate the value of an unknown population parameter.

Population Standard Deviation

A measure of the dispersion or spread of all the values in a population, representing the square root of the population variance.