Using a Table of Random Numbers to Draw a Simple

question 33

Multiple Choice

Using a table of random numbers to draw a simple random sample requires that every member of the ________ must be uniquely identified (i.e. ,numbered) .

• A)population
• B)sample
• C)numbers
• D)tables
• E)sample unit

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the standard (expected) cost, used to assess budgeting efficiency.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected cost at standard prices.

Standard Costs

Predetermined costs for materials, labor, and overhead that are used as benchmarks to measure actual performance and cost control.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.