By Selecting a Convenience Sample That Is Comprised of Subgroups

question 61

Multiple Choice

By selecting a convenience sample that is comprised of subgroups similar in number to a population, you are using an) ________sampling procedure.

• A)cluster
• B)stratified
• C)snowballing
• D)quota

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Definitions:

Direct Labour Hours

Direct Labour Hours represent the amount of time spent by workers directly involved in manufacturing a product or providing a service.

Variable Overhead

Indirect operating costs that change in proportion to the level of production or business activity.

Total Variable Overhead Variance

The difference between the actual variable overhead incurred and the standard variable overhead allocated for the output achieved.

Standard Costing System

An accounting method that applies estimated costs to product costs for the purposes of budgeting and inventory valuation.