Fuller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: CostPercent CompleteMaterials costs$ 12,70085%Conversion costs$ 10,90030% A total of 9,800 units were started and 8,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$ 175,600Conversion costs$ 420,900 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.The total cost transferred from the first processing department to the next processing department during the month is closest to:Note: Round “Cost per equivalent unit” to 3 decimal places.

Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per UnitPercent of SalesSelling price$ 140100%Variable expenses4230%Contribution margin$ 9870% Fixed expenses are $490,000 per month. The company is currently selling 6,000 units per month.The marketing manager would like to cut the selling price by $7 and increase the advertising budget by $28,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 500 units. What should be the overall effect on the company’s monthly net operating income of this change?

Raimondo Corporation makes one product and has provided the following information:The budgeted selling price per unit is $89. Budgeted unit sales for August is 8,300 units.Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound.The direct labor wage rate is $21.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours.Manufacturing overhead is entirely variable and is $7.00 per direct labor-hour.The estimated cost of goods sold for August is closest to:

Ouelette Corporation’s relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$ 5.25Direct labor$ 4.05Variable manufacturing overhead$ 1.30Fixed manufacturing overhead$ 3.00Fixed selling expense$ 0.70Fixed administrative expense$ 0.40Sales commissions$ 0.50Variable administrative expense$ 0.45 If 6,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units)$ 150,000Variable expenses112,500Contribution margin37,500Fixed expenses35,250Net operating income$ 2,250 The margin of safety in dollars is closest to:

The minimum number of bins needed in order to do a Chi-Square Goodness of Fit test is _____.  Enter an integer as your answer.  This copywritten question is part of a quiz or exam at Arizona State University. It may not be reproduced or posted without permission from Dr. L. Chattin and Arizona State University.

An Exponential random variable is ________________. Select the best answer.

A prize will be given to the 5th visitor to an amusement park this weekend. Arrivals to the park are according to a Poisson process. If you wanted to determine the probability that the 5th visitor will arrive in the first 5 minutes, and you define X to be the time that the 5th visitor arrives to the park, X has the ______ distribution.  This question is copywritten by Dr. L. Chattin and is part of a quiz or exam given at Arizona State University. It may not be posted or reproduced without permission from Dr. L. Chattin. Determine Express your answer as one word.  Spelling counts. 

X, the time between arrivals to an ATM, has the exponential pdf with mean equal to 2 minutes.   This question is copywritten by Dr. L. Chattin and is part of a quiz or exam given at Arizona State University. It may not be posted or reproduced without permission from Dr. L. Chattin. The probability that there are 5 or fewer arrivals in a 12-minute period is _________.    Select the answer closest to yours.

An Erlang random variable is ___________________.  Select the best answer.