For the Following Data, Approximate the Mean Number of Unused

question 99

Multiple Choice

For the following data, approximate the mean number of unused vacation days at the end of the year. $$\begin{array} { c | c } \text { Days } & \text { Frequency } \\\hline 1 - 2 & 2 \\3 - 4 & 21 \\5 - 6 & 20 \\7 - 8 & 10 \\9 - 10 & 30\end{array}$$

• A) 6.6
• B) 6.1
• C) 7.1
• D) 7.8

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Definitions:

Standard Cost

A set cost for producing either one unit or multiple units of a product within a defined timeframe, based on existing or expected operational circumstances.

Direct Materials

The raw materials that can be directly traced to the production of a specific product.

Direct Labor

The wages and other costs for labor that is directly involved in the production of goods or services.

Fixed Overhead

Regular, unchanging costs that a business incurs, regardless of the level of production or sales activity, such as rent and salaries.