Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc The Relative Frequency of the First Class Interval Is _________

question 94

Multiple Choice

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system and orders an inspection of "each and every payroll voucher issued since January 1, 2000." Each payroll voucher was inspected and the following frequency distribution was compiled. $\begin{array}{c}\begin{array}{c}\text { Errors per Voucher}\\\text { 0 -under 2}\\\text { 2-under 4}\\\text { 4-under 6}\\\text { 6-under 8}\\\text { 8-under 10}\end{array}\begin{array}{c}\text {Number of Vouchers}\\500 \\400 \\300 \\200 \\100\end{array}\end{array}$

The relative frequency of the first class interval is _________.

• A)0.50
• B)0.33
• C)0.40
• D)0.27
• E)0.67

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate, indicating efficiency in labor usage.

Direct Labor-Hours

Entire duration of work by employees intricately involved in the manufacturing phase.

Machine-Hours

A measure of production output or activity calculated as the total hours that machines are operated over a specific period.

Standard Hours Allowed

The amount of work time allowed for the completion of a task, against which actual hours are compared for performance analysis.