Analyze Data of Quantitative Variables A) $3123
B) $44

question 21

Multiple Choice

Analyze data of quantitative variables.
-The following table shows closing share prices for a small sample of companies. The
Mean closing share price is $$\begin{array} { | l | c | } \hline \text { COMPANY } & \text { CLOSING SHARE PRICE - 08/07 } \\\hline \text { 3M Dental Products } & 86.95 \\\hline \text { Tyco Electronics Power Systems } & 47.45 \\\hline \text { Kyocera America Inc. } & 94.10 \\\hline \text { Pfizer Inc. } & 22.39 \\\hline \text { Xerox Company } & 17.56 \\\hline \text { Northrop Grumman Corporation } & 75.81 \\\hline \text { Lockheed Martin Maritime Systems } & 100.17 \\\hline \text { Sony DADC } & 51.91 \\\hline \text { Matsushita Electronic Components } & 17.91 \\\hline \text { Foster Wheeler Environmental Corp. } & 55.67 \\\hline\end{array}$$

• A) $31.23.
• B) $44.65.
• C) $56.99.
• D) $62.19.
• E) $75.77.

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Definitions:

Manufacturing Overheads

Expenses related to the manufacturing process that are not directly tied to the production of individual units, such as factory rent and machinery maintenance.

Activity-based System

An accounting method that assigns costs to products or services based on the activities that go into producing them, aiming for more accurate costing by tracing resources consumed by activities.

Activity Based Costing

An accounting method that allocates costs to products or services based on the activities that go into producing them, aiming to provide more accurate product cost information.

Product Offering

The complete set of goods and/or services that a company makes available to consumers.