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A researcher gives IQ tests to a large group of adults, and discovers that the
mean, median and mode all equal 100. The highest score in the group was 130
and the lowest was 70. Between IQ's of 75 and 125, 80% of the group was found, and 50% were found between IQ's of 90 and 110. The shape of the graphed distribution was mesokurtic.
-The range was equal to
Labor Quantity Variance
The difference between the actual labor hours used in production and the standard hours expected, multiplied by the standard hourly labor rate.
Direct Labor
The cost of wages for employees who are directly involved in the production of goods or services.
Production Department
The division or area in a manufacturing facility where products are made or assembled.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the quantity purchased.
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