A department with sales of $75,000 and cost of goods sold of $55,000 has a gross profit of $20,000

Santana Company has no beginning and ending inventories, and reports the following information for its only product:

Direct materials used $250,000 Direct labor $120,000 Fixed indirect manufacturing $60,000 Variable indirect manufacturing $20,000 Variable selling and administrative $50,000 Fixed selling and administrative $10,000 Units produced and sold 40,000 Santana Company uses the absorption approach to prepare the income statement. What is the product cost per unit? A) $11.00 B) $11.25 C) $12.00 D) $12.75

The contents of a sample of 26 cans of apple juice showed a standard deviation of 0.06 ounce. We are interested in testing to determine whether the variance of the population is significantly more than .003 . The null hypothesis is _____

a. s2 > .003 b. s2 ? .003 c. ?2 > .003 d. ?2 ? .003