The Step-Down Method Allocates One Support Department's Cost at a Time

question 94

True/False

The step-down method allocates one support department's cost at a time.

---

Definitions:

Frequency Distribution

A summary of data showing the number or frequency of observations in each category or interval of a variable.

Median

The median is the middle value in a sorted list of numbers, dividing a dataset into two halves, such that half the values are above the median and half are below.

Set of Data

A collection of data points or numbers gathered to provide information for analysis.

Median

The middle value in a set of ordered data, dividing the dataset into two equal halves.