Match Each Description to the Appropriate Term (A-D)

question 205

Multiple Choice

Match each description to the appropriate term (a-d) . Answers may be used more than once.
-Depreciation on office equipment

• A)Direct materials
• B)Selling and administrative expense
• C)Factory overhead
• D)Direct labor

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Definitions:

Standard Deviation

An indicator used to determine the extent of fluctuation or scatter among data points in a collection.

Central Limit Theorem

A statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.

Sampling Distribution

The distribution of a statistic (like the mean) that would result from taking a large number of samples from a population.

Sample Size

The number of observations or data points in a sample used to estimate characteristics of a population.