Diane Dowdy Is an Assistant Project Director at ABC Research

question 12

Multiple Choice

Diane Dowdy is an assistant project director at ABC Research.Diane has completed designing a questionnaire to be given to college students for a client and she is now in the process of coding the questionnaire.Two of the questions are:
What is your classification? ___ Freshman ___ Sophomore ___ Junior ___ Senior
Which on-campus activities would you say are your 'favorites?' (Check all that apply) ___ Varsity sports ___ Greek life ___ Stand-up comedy ___ Campus concerts
How should Diane code the above two questions?

• A)0,1;1-4
• B)1-4;and 0,1 for each activity
• C)1,2,3,4;and 1-4 for each activity
• D)a,b,c,d;and v,g,s,c
• E)None of the above,because coding should be done only AFTER data are collected.

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Definitions:

Direct Labor Variances

The differences between the budgeted and actual labor costs incurred during a production process, analyzed to control and optimize labor expenses.

Research Development

The systematic activity combining both basic and applied research, aimed at discovering solutions to problems or creating new goods and knowledge.

Fixed Overhead Rate

A predetermined rate used to assign fixed manufacturing overhead costs to products, typically based on a standard activity level.

Volume Variance

A deviation in manufacturing or procurement costs that arises when the actual volume of production differs from the expected volume.