Find the Absolute and Relative Errors

question 249

Multiple Choice

Find the absolute and relative errors.
-The length of the room is 12 feet but you measure it to be 12 feet and 5 inches.

• A)absolute error: -5 inches
• B)absolute error: 5 inches relative error: -3.5% relative error: 3.4%
• C)absolute error: 5 inches
• D)absolute error: 5 inches relative error: 3.5% relative error: 4.2%

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in the level of activity or volume of production.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries of production supervisors, not directly tied to the production of an individual product.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, often analyzed in budgeting and cost control.

Units

The measures or quantities of a product, service, or resource, which are accounted for in business transactions.