Find the Median

question 24

Short Answer

Find the median. 20 21 22 26 27 33 25

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Definitions:

Variable Costing

An accounting method in which costs vary in proportion to the volume of output; this includes direct materials, direct labor, and variable manufacturing overhead.

Operating Income

The profit realized from a business's core operations, excluding expenses related to financing and investments.

Absorption Costing

An accounting method that includes all manufacturing costs (direct and indirect) in the cost of a product.

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold.