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

question 117

Multiple Choice

Use the information below to answer the following question(s) .Blackoil Corp.has two divisions, Refining and Production.The company's primary product is Clean Oil.Each division's costs are provided below:
The Production Division is able to sell the oil to other areas for $24 per litre.The Refining Division has been operating at a capacity of 80,000 litres a day, using oil from the Production Division and oil purchased from other suppliers.The Refining Division usually purchases 50,000 litres of oil, on average, from the Production Division and 30,000 litres, on average, from other suppliers at $40/litre.
-What is the transfer price per litre assuming the method used is 175% of variable costs?

• A)$10.50
• B)$12.00
• C)$17.50
• D)$24.50
• E)$12.50

Understand measures of central tendency and variability.

Differentiate between various statistical tools and their implications on research findings.

Understand the general growth patterns and physical development milestones in children from birth through the early years.

Recognize the different temperaments in children and the implications of these temperaments on child development.

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Definitions:

Coefficient of Correlation

This is a statistical measure that calculates the strength and direction of the relationship between two continuous variables.

Pre-Employment Examination

An evaluation or test given to a job applicant before hiring to determine suitability for the position.

Linear Relationship

A type of relationship between two variables where changes in one variable are directly proportional to changes in another variable.

Population Correlation Coefficient

A measure of the strength and direction of the linear relationship between two variables in a population.