Answer: $1,700
Explanation:
The expected winning bid is the weighted average of the 2 different bids.
Half of the bids are for $1,500 so weight of $1,500 is 0.5.
Half of the bids are for $1,900 so weight of $1,900 is 0.5.
Expected Winning bid = (1,500 * 0.5) + ( 1,900 * 0.5)
= 750 + 950
= $1,700
A. added
B. deducted
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I. added
J. added
K. deducted
Answer:
c. It is transferred out of raw materials into manufacturing overhead when used.
Explanation:
Indirect materials are those that are necessary and that are used in the elaboration of a product, but are not easily identifiable or that do not merit control over them and are included as part of the indirect manufacturing costs as indirect materials.
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