Fifty Employees at CSC Corporation Responded to a Survey Asking

question 28

True/False

Fifty employees at CSC Corporation responded to a survey asking for the number of minutes they commute to work in the morning. Eighteen employees indicated that their commutes are 15 to less than 20 minutes. The relative frequency for this class in a frequency distribution would be 0.18.

---

Definitions:

Prime Cost

The combined cost of direct materials and direct labor involved in manufacturing a product.

Period Costs

Expenses directly tied to a specific time period, such as rent, utilities, and administrative salaries, and not directly to the production process.

Units Sold

The number of individual items that have been sold over a specified period.

Period Costs

Costs that are not directly related to the manufacturing process and are charged as expenses in the period they arise.