In a Survey Undertaken by a University to Gauge Student

question 1

Multiple Choice

In a survey undertaken by a university to gauge student satisfaction in its online MBA program, one question asked students to indicate the number of credits they had transferred
Into the program.Which of the following is true?

• A)This variable is categorical.
• B)This variable is transactional.
• C)This variable is quantitative.
• D)This is an identifier variable.
• E)This variable is nominal.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders, based on a predetermined activity base.

Direct Labor Cost

The wages and related expenses for employees who are directly involved in the production of goods or services.

Factory Labor Costs

Expenses associated with employing labor in a manufacturing setting, including wages, salaries, and benefits.

Manufacturing Overhead

All manufacturing costs other than direct labor and direct materials that are involved in the creation of a product.