Use the Following Table to Answer the Question

question 1

Multiple Choice

Use the following table to answer the question. The following table summarizes the outcomes of a study that researchers carried out to determine if females expressed a greater fear of flying than males.

-How many categorical variables are summarized in the table?

• A)Zero
• B)Two
• C)Four
• D)Three

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Definitions:

Activity-Based Costing

A costing technique that assigns costs to products or services based on the activities and resources that contribute to the production or delivery.

Activity Rate

In cost accounting, it refers to the cost driver rate used in activity-based costing to allocate overhead costs to products or services based on their consumption of activities.

General Factory

Typically refers to a manufacturing site where various goods are produced through a combination of human labor, machines, and processes.

Activity Cost Pool

A collection of all costs associated with a specific activity or process, used in activity-based costing to allocate indirect costs to products or services.