Direct Labor Hours Rather Than Direct Labor Cost Usually Drive

question 112

True/False

Direct labor hours rather than direct labor cost usually drive fringe benefit costs such as pensions and payroll taxes.

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Definitions:

Measures of Dispersion

Statistical indicators that describe the spread or variability of a data set.

Mode

The value that appears most frequently in a given set of data.

Range

The difference between the highest and lowest values in a dataset, providing a measure of data dispersion.

Variance

A statistical measure that quantifies the spread or dispersion of a set of data points around their mean value.