If a Six- Sided Die Is Rolled 90,000 Times and a Number

question 5

Multiple Choice

If a six- sided die is rolled 90,000 times and a number five appears 15,000 times, the relative frequency of the number five appearing is ________.

• A)15,000
• B)0.167
• C)90,000
• D)5

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Definitions:

Variable Costing

A managerial accounting method that only considers variable costs as product costs, with fixed overhead costs treated as period expenses.

Variable Costing

A costing method that includes only variable manufacturing costs — direct materials, direct labor, and variable manufacturing overhead — in the cost of a product.

Unit Product Cost

The total cost incurred to produce, package, and place a product ready for sale, divided by the number of units produced.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed overhead—in the cost of a product.