Use the Information Below to Answer the Following Question(s)

question 61

Multiple Choice

Use the information below to answer the following question(s) .Baylen Company manufactures hydraulic lifts on an assembly line.Its standard costing system utilizes two cost categories; direct materials and conversion costs.Each product must pass through the Assembly Department and the Finishing Department.Direct materials are added at the beginning of the production process.Conversion costs are allocated evenly throughout production.Data for the Assembly Department for October 2019 are:

-What is the balance in ending work-in-process inventory?

• A)$100,000
• B)$120,000
• C)$160,000
• D)$140,000
• E)$260,000

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Definitions:

Ordinal Data

A type of categorical statistical data representing order or rank, such as levels of satisfaction, without specifying the exact differences between ranks.

Null Hypothesis

A hypothesis that proposes there is no significant difference or effect and serves as the default assumption to be tested against an alternative.

Student-t

A distribution used in statistics that is appropriate for estimating population parameters for small sample sizes or unknown variances.

F-distributions

A continuous probability distribution that arises in the testing of whether two population variances are equal.