Also referred to as SSerror, ________ is the variation in Y due to the variation within each of the categories of X. This variation is not accounted for by X
A) SSx
B) SSwithin
C) SSbetween
D) SSy
B
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Which one of the following adjustments decreases net income for the period?
a. Recognition of depreciation on plant assets b. Recognition of interest on a note receivable c. Recognition of services that had been provided to customers but the cash has not yet been received d. Recognition of rent as earned that had been received in advance from customers
The numbers assigned in a(n) ________ do not reflect relative amounts of the characteristic being measured
A) nominal scale B) ordinal scale C) interval scale D) ratio scale E) random scale
Which of the following is not an example of indirect materials?
a. Wood in a desk b. Nails in a desk c. Screws in a desk d. Lubricants for machinery
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000. Prepare journal entries to record these events. Use those journal entries to answer the following questions:The credits to the Raw Materials account for the month of November total:
A. $95,000 B. $32,000 C. $110,000 D. $78,000