The Bakersfield Company Has the Following Information Available At the Beginning of the Period,there Were 800 Units in l

question 118

Multiple Choice

The Bakersfield Company has the following information available: $$\begin{array} { l r r | } & \text { Costs from Beginning } & \text { Costs from } \\& \text { Inventory } & \text { Current Period } \\\text { Direct materials } & \$ 3,650 & 31,620 \\\text { Conversion costs } & 9,120 & 143,100\end{array}$$
At the beginning of the period,there were 800 units in process that were 60 percent complete as to conversion costs and 100 percent complete as to direct materials costs.During the current period,5,800 units were started and completed.Ending inventory contained 400 units that were 60 percent complete as to conversion costs and 100 percent complete as to direct materials costs.(Assume that the company uses the FIFO process costing method.)
The equivalent units of production for direct materials and conversion costs,respectively,were

• A) 6,200 for direct materials and 6,360 for conversion costs.
• B) 5,400 for direct materials and 6,520 for conversion costs.
• C) 6,200 for direct materials and 5,960 for conversion costs.
• D) 7,000 for direct materials and 6,520 for conversion costs.

Understand the importance of a long-term perspective and adaptability in entrepreneurship.

Analyze the role of entrepreneurship in social and economic equality.

Understand the contributions of entrepreneurs to philanthropy.

Identify the critical factors that enhance or impede entrepreneurship.

---

Definitions:

Null Hypothesis

The presumption that there is no significant difference or effect, often used as a default hypothesis in statistical testing that the experiment aims to reject.

Alternative Hypotheses

The hypothesis that proposes there is a statistically significant difference between two parameters or that a particular parameter is significantly different from a hypothesized value.

Type II Error

The error made when failing to reject a false null hypothesis, often referred to as a "false negative".

Null Hypothesis

A statement used in statistical testing which proposes that no significant difference or effect exists between certain characteristics of a population.