Answer the Following Questions Using the Information Below

question 12

Multiple Choice

Answer the following questions using the information below:
The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar.
-Of the 150,000 units Lumbar started during February, how many were finished during the month?

• A)150,000
• B)170,000
• C)130,000
• D)190,000

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Definitions:

Dichotomous Questions

Type of survey question that offers two distinct choices for respondents, such as "yes or no" answers.

Completion Rate

The proportion of individuals who finish a task, course, or program out of those who started it, often expressed as a percentage.

Survey Completion

The process of successfully answering all questions or items on a survey or questionnaire.

Observational Study

A study in which the researcher observes and records behavior without manipulating variables or conditions.