TABLE 2-16 the Figure Below Is the Ogive for the Amount of Amount

question 135

Multiple Choice

TABLE 2-16
The figure below is the ogive for the amount of fat (in grams) for a sample of 36 pizza products where the upper boundaries of the intervals are: 5, 10, 15, 20, 25, and 30.

-Referring to Table 2-16, what percentage of pizza products contains between 10 and 25 grams of fat?

• A) 14%
• B) 44%
• C) 62%
• D) 81%

---

Definitions:

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

GAAP

Generally Accepted Accounting Principles, the standardized set of accounting rules, practices, and procedures used in preparing financial statements in the U.S.

Product Costing

Product costing involves determining all expenses related to the creation of a product, including materials, labor, and overhead, to establish its total cost.

Absorption Costing

In this accounting method, total costs of manufacturing, from direct materials and labor to both fixed and variable overheads, are completely absorbed into the product’s final cost.