Consider the Five Number Summary of Hourly Wages ($) for a Sample

question 10

Multiple Choice

Consider the five number summary of hourly wages ($) for a sample of sales managers. $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \\\hline\end{array}$$ The IQR for these data is

• A)$11.70
• B)$46.17
• C)$67.11
• D)$20.94

---

Definitions:

Cost Accounting Systems

Methods used by businesses to track, record, and analyze costs associated with the products or services they provide.

Job Order Cost

The cost calculated for a specific customer order, taking into account direct labor, direct materials, and allocated overhead.

Process Cost Systems

Accounting systems used to apply costs to similar products that are mass-produced in a continuous fashion.

Direct Labor

The wages of employees who are directly involved in the production of goods or services.