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If an Analysis of Variance Is Used for the Following

question 72

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If an analysis of variance is used for the following data,what would be the effect of changing the value of SS1 to 50??  Sample DataM1=10M2=15SS1=90SS2=70\begin{array} { l l } \text { Sample Data}\\\mathrm { M } _ { 1 } = 10 & \mathrm { M } _ { 2 } = 15 \\\mathrm { SS } _ { 1 } = 90 & \mathrm { SS } _ { 2 } = 70 \\\hline\end{array} ?


Definitions:

Job Cost System

An accounting method used to track the expenses of a specific job or project and compare those expenses to the project’s revenue, helping in assessing profitability.

Cost Accounting

A type of accounting that focuses on capturing a company's total cost of production by assessing its variable and fixed costs.

Overhead Applied

The portion of overhead costs that are assigned to goods and services, typically based on a predetermined overhead rate.

Direct Labor

Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.

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