The following data relates to Mandarin Company. 15,000 13,000 $85 Units in beginning inventory Units produced Units sold ($300 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses 150 $40 150,000 Determine the value of ending inventory under absorption costing. O a. $680,000 O b. $600,000 Oc. $550,000 Od. $470,000 The value of coefficient of determination always lies between O a. 1 and 100 O b. 1 and 10 O c.0 and 1 O d. 0 and 10 Which of the following is true of a coefficient of determination? O a. Its value always lies between 1 and 100. O b. It has a value of 1 if the independent variable completely explains the variability of the dependent variable. O c. It is depicted using the symbol D2. Od. It is the percentage of variability in the independent variable explained by a dependent variable