d. Cannot be determined. 34. What's the total cost for Job#06-07? a. $9,350 b. $24,750 c. $22,050 d. $12.450 IBVO ryCosling method. Both keep track of prime costs, but mot overhond items Both use the same manufacturing technique. Both require inputs of direct materials, direct lahor, snd overtiead. lorma o wik signu 31 The basic inventory equation can be represented by a. BB + TI-TO+ ER. K BB- TI- TO + ER. BB + EB- TI + TO. d. BB +TO- TI- EB uld b Fetler C. of th Chapter 7 fitet 32. Which of the following is NOT An audit engagement. b A home renovation, E Aast food order. d. A lawsuit co ol The following information is for questions 33 -34. KC Manufacturing uses job costing. Its annual estimated manufacturing overhead and machine hours (the allocation base) were $120.000 and 2,400 hours, respectively. Job#06-07 was completed in July and incurred direct mnteriais S4,R00, direct labor $3,400, and 85 machine hours, 33. What is the predetermined overhead rate for KC Manufacturing? a $35 per direct labor hour. b. $45 per direet labor dollar. . $50 per machine hour. d. Cannot be determined. 34. What's the total cost for Job#06-07? a. $9,350

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.