Find the Standard Deviation for the Given Sample Data $$\begin{array} { l l l l l l } 22.6 & 16.1 & 36.1 & 36.0 & 23.8 & 20.3\end{array}$$

question 47

Multiple Choice

Find the standard deviation for the given sample data. Round your answer to one more decimal place than the original data. $$\begin{array} { l l l l l l } 22.6 & 16.1 & 36.1 & 36.0 & 23.8 & 20.3\end{array}$$

• A) 8.35
• B) 3999.0
• C) 4347.7
• D) 36.1

Understand the principles and methodologies of cost allocation to various departments within a company.

Analyze departmental performance based on various financial metrics such as net income, profit margin, and return on investment.

Apply cost allocation principles to hypothetical expansions and assess their impact on departmental income statements and company overhead.

Understand and apply the concept of responsibility accounting and its impact on cost control and managerial performance evaluation.

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Definitions:

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the extent to which sales can drop before a business incurs a loss.

Variable Expenses

Costs that fluctuate in direct proportion to changes in the level of business activity or output.

Fixed Expenses

Outlays that stay the same no matter the amount of goods produced or sold, encompassing rent, payroll, and insurance costs.

Actual Sales

The total revenue a company generates from selling its goods or services, minus any returns or refunds.