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Groovelex Inc

question 90

Multiple Choice

Groovelex Inc.reports the following information for the year ended December 31,2014: Groovelex Inc.reports the following information for the year ended December 31,2014:    -The operating profit calculated using variable costing and absorption costing amounted to $9,270 and $11,250,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year 2014. A) $10,230 B) $8,250 C) $20,750 D) $25,000
-The operating profit calculated using variable costing and absorption costing amounted to $9,270 and $11,250,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year 2014.


Definitions:

Degrees Of Freedom

The total of independent variables or amounts that may be allocated to a statistical distribution.

Error

A discrepancy between a computed, estimated, or measured value and the true, specified, or theoretically correct value.

Interaction

A situation in statistical analysis where the effect of one variable depends on the state of another variable.

F-Tests

A class of statistical tests used to compare the variances of two populations to ascertain if they are equal or not.

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