The __________ Function in Excel Is Used to Compute the Statistics

question 24

Multiple Choice

The __________ function in Excel is used to compute the statistics required to create a histogram.

• A)NORM.INV
• B)RAND
• C)FREQUENCY
• D)STDEV.S

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Definitions:

Labor Cost Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved; it is used for monitoring labor performance.

Standard Cost

A predetermined cost of manufacturing, purchasing, or using a product or service, used in budgeting and variance analysis.