Find the Variance for the Given Data $$\begin{array} { l l l l l } - 1 & 7 & - 11 & 7 & 8\end{array}$$

question 36

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
- $$\begin{array} { l l l l l } - 1 & 7 & - 11 & 7 & 8\end{array}$$

• A) 66.0
• B) 65.9
• C) 66.8
• D) 52.8

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Definitions:

Cost Drivers

Factors or activities that directly cause a change in the cost of a product or service.

Activity Variances

The difference between the budgeted and actual amount of an activity, often relating to the cost or usage variance in production activities.

Guests

Individuals who receive services or hospitality, often in contexts such as hotels, events, or restaurants.

Cost Drivers

Factors that cause a change in the cost of an activity, used in activity-based costing to allocate costs based on the actual consumption of each activity.