Find the Variance for the Given Data $$\begin{array} { l l l l l l } \$ 663 & \$ 273 & \$ 410 & \$ 622 & \$ 174 & \$ 374\end{array}$$

question 57

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data. To get the best deal on a microwave oven, Jeremy called six appliance stores
And asked the cost of a specific model. The prices he was quoted are listed below: $$\begin{array} { l l l l l l } \$ 663 & \$ 273 & \$ 410 & \$ 622 & \$ 174 & \$ 374\end{array}$$

• A) 36,838.2 dollars2
• B) 36,838.3 dollars2
• C) 30,698.6 dollars2
• D) 1,207,582.7 dollars2

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Definitions:

Overhead Costs

Indirect costs of running a business that are not directly tied to production, such as rent, utilities, and salaries.

Departmental Overhead Rate

An allocation rate used to assign overhead costs to specific departments based on relevant criteria, such as labor hours or machine hours.

Machine Hours

Machine hours refer to the total operating time of a machine or group of machines during a specific period, used as a basis for allocating costs in manufacturing.

Departmental Overhead Rates

Costs associated with a department's operations that are distributed across products or services, often based on a predetermined rate.