Which of the Following Tests Is Used to Determine If

question 4

Multiple Choice

Which of the following tests is used to determine if two categorical variables are independent?

• A) Chi-square test
• B) t-test
• C) z-test
• D) ANOVA

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Definitions:

Manufacturing Overhead

All indirect costs associated with manufacturing a product, excluding direct materials and direct labor costs.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) cost based on the actual level of activity.

Variable Manufacturing Overhead

Overhead costs that fluctuate with the level of production, such as utilities or raw materials.

Standards

Predetermined benchmarks or norms used for measuring performance, costs, and efficiency in production.