Use the Following Information for Following Questions

question 33

Multiple Choice

Use the following information for following questions .
The distribution of the number of hours of sleep people get per night is unimodal
and symmetric with a mean of 6 hours and a standard deviation of 1.5 hours.
-Approximately what percent of people sleep between 6 and 7.5 hours per night?

• A)16%
• B)24%
• C)34%
• D)68%

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Definitions:

Direct Labor

The cost of wages for workers directly involved in the manufacturing or production of goods.

Allocation Base

A measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects.

Activity Cost Pool

A “bucket” in which costs are accumulated that relate to a single activity measure in an activity-based costing system.

Activity Measure

An activity measure is a metric used in activity-based costing to gauge the amount of activity consumed by a cost object, assisting in the more accurate allotment of overhead costs.