Provide an Appropriate Response $52,62,66,68,72,74,76,76,76,78,78,82,84,84,86,88,92,96,110$ A) $\$ 96$ B) $\$ 95$ C) $\$ 88$

question 25

Multiple Choice

Provide an appropriate response.
-The following is a sample of 19 November utility bills (in dollars) from a neighborhood. What is the largest bill in the sample that would not be considered an outlier?
$52,62,66,68,72,74,76,76,76,78,78,82,84,84,86,88,92,96,110$

• A) \(\$ 96\)
• B) \(\$ 95\)
• C) \(\$ 88\)
• D) \(\$ 86\)

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, providing a valuable tool for performance evaluation.

Master Budget

A master budget integrates various financial plans and forecasts of a company, serving as a comprehensive financial framework for the upcoming fiscal period.

Direct Materials

Basic materials that can be directly linked to the creation of a product and are essential components of the end product.

Budgeted Manufacturing

The estimated amounts and costs associated with the production process, as planned for a specific period.