Oroz Company Had the Following Information Available:
Expected Costs and Selling

question 83

Multiple Choice

Oroz Company had the following information available:
Expected Costs and Selling Price Based on 5,000 units:
$\begin{array} { l } \text {Variable manufacturing costs per unit }&\$32 \\ \text {Fixed manufacturing costs per unit }&\$20 \\ \text { Selling price per unit}&\$70 \\\end{array}$

$\begin{array} { l } \text { Expected production level}& \text {5,000 unite }\\\end{array}$

In the flexible budget at 10,000 units,what is the total manufacturing cost?

• A) $250,000
• B) $420,000
• C) $520,000
• D) $700,000

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Definitions:

Hypotheses

Formally proposed explanations for a phenomenon, which are typically tested through research and experiments to be supported or refuted.

Z Statistic

The Z statistic, or Z-score, is used in hypothesis testing, measuring the number of standard deviations a datapoint is from the population mean.

P-value

A measure in statistical hypothesis testing representing the probability of obtaining a result at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Confidence Interval

A set of numbers obtained from statistical data from a sample, which is expected to encompass the value of a parameter from the overall population that is not known.