Based on the Results for the Skewness (Q21) and Kurtosis

question 21

Multiple Choice

Based on the results for the skewness (Q21) and kurtosis (Q20) z-scores, which of the following descriptions best reflects the distribution assumptions of the MAP data?

• A) Both the kurtosis and skewness z-scores are significant (i.e. not normally distributed).
• B) Both the kurtosis and skewness z-scores are not significant (normally distributed).
• C) The kurtosis z-score is significant, but the skewness z-score is not significant.
• D) The skewness z-score is significant, but the kurtosis z-score is not significant.

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Definitions:

Volume Variance

The difference between the expected (budgeted) volume of production or sales and the actual volume, affecting costs and revenues.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on estimated costs and activity levels.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual jobs or units based on a consistent formula.

Machine-Hour

A unit of measure representing the operation of a machine for one hour, often used in allocating manufacturing overhead costs.