Entries for Materials GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue The materials purchased during June are summarized from the receiving reports as follows Fabric Polyester filling Lumber Glue Materials were requisitioned to individual jobs as follows $40,500 28,600 62,400 6,550 $440,000 180,000 360,000 40,000 Polyester Filling Fabric $205,000 110,000 130,000 Lumber Glue Total Job 601 Job 602 Job 603 Factory overhead-indirect materials Total $400,000 234,000 310,000 $34,800 34,800 $166,000 $333,000 $34,800 $978,800 $75,000 $120,000 88,000 55,000 125,000 36,000 $445,000

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.