Convert(s) Data to Numerical Form So They Can Be Subjected

question 21

Multiple Choice

convert(s) data to numerical form so they can be subjected to a variety of statistical techniques and measurements.

• A) Longitudinal studies
• B) Quantitative analysis
• C) Cross sectional studies
• D) Qualitative studies

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Definitions:

Variable Manufacturing Overhead

Variable manufacturing overhead includes all manufacturing costs that vary with the level of production, such as utilities or materials needed in the production process.

Standard Hours Allowed

The time allocated for a task based on predetermined standards.

Actual Direct Labour Hours

The real number of labor hours worked by employees directly involved in the production process, typically recorded after the work has been completed.

Standard Cost System

A cost accounting system that uses cost standards for materials, labor, and overhead to control actual costs and analyze variances.