A source document that would not be used to help decide the cost of a job is (are)

A) a material requisition form
B) a time ticket for direct labor
C) a time ticket for indirect labor
D) a material requisition form and a time ticket for direct labor
E) all items listed are helpful to decide the cost of a job.


C

Business

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Indicate whether the statement is true or false.

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Basic break-even analysis typically assumes that:

A) revenues increase in direct proportion to the volume of production, while costs increase at a decreasing rate as production volume increases. B) variable costs and revenues increase in direct proportion to the volume of production. C) both costs and revenues are made up of fixed and variable portions. D) costs increase in direct proportion to the volume of production, while revenues increase at a decreasing rate as production volume increases because of the need to give quantity discounts. E) All of the above are assumptions in the basic break-even model.

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The dependent variable in linear regression is usually designated as the x variable

Indicate whether this statement is true or false.

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If the average number of customers served per hour is two, then the probability that the service exceeds 45 min for any customer is ______.

A. 22.3% B. 10.5% C. 36.8% D. 17.4%

Business