A Job-Order Costing System Is Most Likely to Be Used

question 136

Multiple Choice

A job-order costing system is most likely to be used by a

• A)soft-drink bottler.
• B)breakfast cereal manufacturer.
• C)paint manufacturer.
• D)caterer.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a set of data points in relation to their mean, indicating how spread out the data points are.

Mean

The average of a set of numbers, calculated by adding all the numbers in a set together and then dividing by the count of those numbers.

Standard Deviation

A calculation that determines the extent of variability or dispersion in a series of values.

Normal Distribution

Normal distribution, also known as Gaussian distribution, is a continuous probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.