Answer the Following Questions Using the Information Below:
Pederson Company

question 116

Multiple Choice

Answer the following questions using the information below:
Pederson Company reported the following:
$\begin{array}{ll}\text { Manufacturing costs } & \$ 150,000 \\\text { Units manufactured } & 5,000 \\\text { Units sold } & 4,700 \text { units sold for } \$ 75 \text { per unit } \\\text { Beginning inventory } & 100 \text { units }\end{array}$
-What is the average manufacturing cost per unit?

• A) $40.00
• B) $42.00
• C) $30.00
• D) $32.00

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Definitions:

Sample Proportion

The fraction or percentage of the sample that represents part of a particular category or characteristic of interest.

Null Hypothesis

A hypothesis that assumes no significant difference or effect in the context of an experiment or test.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, suggesting that there is a significant effect or difference.

Test Statistic

A value calculated from sample data during hypothesis testing. It is used to determine whether to reject the null hypothesis.