Instruction 2-6
a Sample of 200 Students at a Large

question 84

Multiple Choice

Instruction 2-6
A sample of 200 students at a large university was taken after the final exam to ask them whether they went out on the weekend before the exam or spent the weekend studying,and whether they did well or poorly on the exam.The following table contains the result.
$$\begin{array} { | l | l | l | } \hline & \text { Did Well on Exam } & \text { Did Poorly on Exam } \\\hline \text { Studying for Exam } & 80 & 20 \\\hline \text { Went out on the weekend } & 30 & 70 \\\hline\end{array}$$
-Referring to Instruction 2-6,________ percent of the students in the sample spent the weekend studying and did well on the exam.

• A)40
• B)50
• C)80
• D)72.72

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Definitions:

Work in Process Inventory

The value of all unfinished goods currently in production, including materials, labor, and overhead costs up to the point of calculation.

Units Transferred Out

A rephrased definition is: The quantity of products that have completed a particular stage of the production process and are moved to the next stage or finished goods inventory.

Weighted-Average Method

An accounting technique used to calculate the cost of goods sold and ending inventory cost by averaging the costs of all goods available for sale.

Cost per Equivalent Unit

A calculation used in process costing that determines the cost to complete one unit of production, considering both completed and partially completed units.