Use the Following Information for the Next 3 Questions

question 22

Multiple Choice

Use the following information for the next 3 questions.
Vashon Corporation had the following activity during a recent period:
-The variance over which management probably has the least control is the

• A) Direct labor efficiency variance
• B) Direct materials price variance
• C) Variable overhead efficiency variance
• D) Production volume variance

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Definitions:

Standard Deviation

A metric indicating the degree of spread or diversity among a collection of numbers, determined by taking the square root of the variance.

Sample Mean

The average of a sample set of data, representing an estimate of the population mean.

Sampling Distribution

A distribution of a statistic obtained from a large number of samples drawn from a specific population.

Standard Deviation

A statistical metric that quantifies the spread or dispersion of a dataset relative to its mean, highlighting the variability within the data.