Dapper Corporation Had Only One Job in Process on May

question 75

Multiple Choice

Dapper Corporation had only one job in process on May 1.The job had been charged with $3,400 of direct materials,$4,640 of direct labor,and $9,200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May,the following activity was recorded: Work in process inventory on May 30 contains $7,540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:

• A)$109,670
• B)$124,620
• C)$143,300
• D)$126,820

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Definitions:

P-value

A statistical measure that indicates the probability of observing the data, or something more extreme, under the null hypothesis.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, used as a benchmark to decide whether an observed result is statistically significant.

Hypotheses Testing

In statistics, a method that utilizes information from a sample group to evaluate a presumption about a population's parameter.

Kruskal-Wallis Test

A nonparametric test used to compare three or more independent samples to determine if there is a significant difference between their medians.