Which One of the Choices Below Represents the Preferred Practice

question 58

Multiple Choice

Which one of the choices below represents the preferred practice regarding significant figures when multiplying the following: 10.5 * 8.9 *3.11?

• A) 290.6295
• B) 290.63
• C) 291
• D) 290

---

Definitions:

Machine Hours

A measure of the total operating time of machinery within a specific period, often used in cost accounting to allocate expenses to units produced.

Overhead Allocation

The process of distributing indirect costs across products, services, or departments within a company.

Department 2

A reference to a specific section, division, or unit within an organization, often used in context to differentiate between various parts of a business operation.

Plantwide Overhead Rate

A single overhead absorption rate calculated for an entire factory, used to allocate manufacturing overhead costs to products.