What Are Some Examples of Random Sampling

question 37

Multiple Choice

What are some examples of random sampling?

• A) throwing dice, drawing names out of a hat, and convenience sampling
• B) throwing dice, drawing names out of a hat, and lotteries
• C) convenience sampling, drawing names out of a hat, and lotteries
• D) quota sampling, drawing names out of a hat, and lotteries

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Definitions:

Direct Labor Cost

The total cost of all labor that is directly involved in the production of goods or services.

Manufacturing Overhead

The indirect factory-related costs that are incurred when producing a product.

Total Manufacturing Costs

The sum of all expenses directly associated with the production of goods, including direct labor, direct materials, and manufacturing overhead.

Predetermined Overhead Rate

Predetermined Overhead Rate is a rate calculated before a period begins, used to allocate estimated overhead costs to products or job orders based on a selected activity base.