Which of the Following Statements Is True

question 58

Multiple Choice

Which of the following statements is true?

• A)The standard deviation is always greater than the variance.
• B)The sum of the squared deviations from the mean is always zero.
• C)The standard deviation is in squared units.
• D)The sum of the deviations from each value in a data set to the mean, is always zero.

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Definitions:

Overhead Cost

Indirect costs of running a business that can't be linked to specific products or services but are necessary for the business to operate.

Assembly Hours

The total hours spent on the assembly stage of the manufacturing process, often used in costing and performance measurement.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate insights into the true costs of production.

Activity Rates

In activity-based costing, the cost allocation rate for each activity cost pool, allowing for more accurate product or service costing.