In General, the T Test and the Analysis of Variance

question 111

Multiple Choice

In general, the t test and the analysis of variance are:

• A)dependent on five basic assumptions
• B)free of assumptions
• C)sensitive to violations of assumptions
• D)adequate if there are not large violations of assumptions

---

Definitions:

Fixed Manufacturing

Costs associated with manufacturing that remain constant, regardless of the level of production, such as rent for factory premises.

Variable Overhead

Costs that vary with production volume but cannot be traced directly to each unit produced, such as utilities for the manufacturing plant.

Supplies Variance

The difference between the budgeted cost of supplies and the actual cost incurred.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost, which can indicate changes in market prices or issues with budgeting.