If You Have a 2x2 Table,the Number of Degrees of Freedom

question 11

Multiple Choice

If you have a 2x2 table,the number of degrees of freedom is

• A)1
• B)2
• C)3
• D)4

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate the costs.

Direct Labor-Hours

It measures the total hours worked by employees directly involved in manufacturing a product.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.

Activity Rates

Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.