The Only Time the Range May Equal Zero, Is When

question 31

Multiple Choice

The only time the range may equal zero, is when

• A) the standard deviation is less than 1.00
• B) every score in the distribution is the same
• C) the standard deviation is negative
• D) the interdecile range is skewed to the left

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Definitions:

Period Cost

Expenses that are not tied directly to product production and are expensed in the period they are incurred.

Absorption Costing

A method of accounting which integrates all costs related to manufacturing, from direct materials and labor to variable and fixed overhead, into the product’s pricing.

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed overheads—in the cost of a product.

Variable Costing Income Statement

An income statement format that deducts only variable costs from sales to compute contribution margin, followed by the deduction of fixed costs to determine net income.