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Exhibit 6-2
In order to evaluate a graduate program in counseling, a decision is made to compare the scores of the recent graduates on the National Counseling Exam (NCC) to the national norms. Therefore, the program decides to compare its current graduates with the all graduates nationally who took the exam. Their scores of the current graduates are as follows:
-Refer to Exhibit 6-2. Find the standard deviation.
Direct Materials
Raw materials that can be directly attributed to the production of a specific product and are an integral part of the finished product.
Direct Labor
Labor costs directly attributed to the production of goods or the provision of services.
Manufacturing Overhead
Indirect costs related to manufacturing that cannot be directly traced to specific products, such as utilities and management salaries.
Work in Process Inventory
This inventory category includes goods that are partially completed in the production process but not yet ready for sale.
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