Use the Following to Answer Questions

question 5

Short Answer

Use the following to answer questions :
The following table gives the cumulative frequency distribution of annual incomes (in thousands of dollars)for a sample of 200 families selected from a city.

-The percentage of families with an income of less than $55,000,rounded to one decimal place,is:

---

Definitions:

Customizing Department

A division within a company that modifies products to meet specific customer requirements or preferences.

Machine-Hours

A measure of the amount of time a machine is operated.

Direct Labor-Hours

Direct Labor-Hours refer to the total hours worked by employees who are directly involved in the production process, affecting the cost of goods.

Predetermined Overhead Rate

A rate used in costing to allocate estimated overhead costs to products or job orders based on a predetermined expense and activity level.