This Excel Function Always Returns a Number Between Zero and One

question 38

Multiple Choice

This Excel function always returns a number between zero and one.

• A) NORMAL(0,1)
• B) RANDOM()
• C) RANDBETWEEN()
• D) RAND(0,1)
• E) RAND()

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a specific activity base.

Job Cost Sheets

Documents that track the costs associated with a specific job or project.

Machine Hours

A measure of production output or activity based on the cumulative hours that machines are operational.

Factory Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and management salaries.