A Histogram Is Most Commonly Used to Analyze Which of the Following

question 115

Multiple Choice

A histogram is most commonly used to analyze which of the following?

• A) Nominal level data
• B) Quantitative data
• C) Time-series data
• D) Ordinal data

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Definitions:

Denominator Activity

The total base activity used to allocate overhead costs in cost accounting, such as total direct labor hours or machine hours available.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, used in allocating manufacturing overhead.

Overapplied

A condition where the manufacturing overhead allocated to products exceeds the actual manufacturing overhead costs incurred.

Underapplied

A situation in cost accounting where the allocated overhead costs are less than the actual overhead costs.