Calculate the Standard Deviation for Cost Per Order in the Following

question 59

Essay

Calculate the standard deviation for cost per order in the following table. $$\begin{array} { | l | l | } \hline \text { Observation } & \text { Cost per order } \\\hline X 1 & \$ 1345 \\\hline X 2 & \$ 4364 \\\hline X 3 & \$ 1768 \\\hline X 4 & \$ 2278 \\\hline X 5 & \$ 4332 \\\hline X 6 & \$ 2984 \\\hline X 7 & \$ 3326 \\\hline\end{array}$$

Interpret volume variance and its effects on cost management.

Calculate fixed and variable overhead rate variances.

Determine the predetermined overhead rate based on various factors.

Analyze the efficiency variance for variable overhead costs.

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