Using 4 Classes of Width 150 Starting at 500, Construct

question 59

Multiple Choice

Using 4 classes of width 150 starting at 500, construct a frequency distribution for the following numbers: 773, 500, 751, 710, 774, 1060, 835, 887, 984, 697. What is the frequency of class 2, 650 to 799?

• A) 1
• B) 2
• C) 4
• D) 5

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in the level of activity or volume of production.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries of production supervisors, not directly tied to the production of an individual product.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, often analyzed in budgeting and cost control.

Units

The measures or quantities of a product, service, or resource, which are accounted for in business transactions.