Several anomalies have been uncovered that appear to add risk-adjusted returns above what is expected and include the P/E effect, the small firm effect, the neglected firm effect, post earnings announcement price drift, and the book to market effect. The debate surrounding their existence centers on whether these anomalies represent market inefficiency or poorly understood (or measured) risk premiums. A. True
B. False

Assigned cost= $16,080

Explanation:

Giving the following information:

Wicker baskets are produced in batches of 100 units.

Wooden slat baskets are produced in batches of 50.

Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.

First, we need to determine the number of batches.

Wicker= 8000/100= 80 batches

Wooden= 2000/50= 40 batches

Proportion of batches= 80/120= 0.67

Assigned cost= 24000*0.67= $16,080