A Histogram Is a Graphical Device That Is Commonly Used

question 46

Multiple Choice

A histogram is a graphical device that is commonly used to analyze:

• A) time series data
• B) quantitative data
• C) qualitative data
• D) All of these
• E) none of these

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Definitions:

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or services, calculated before the actual costs or activity levels are known.

Direct Labor-Hours

A measure of the labor time spent by workers who directly contribute to the manufacturing or creation of products.

Traditional Costing

A costing method that allocates overhead costs based on a single predetermined rate.

Overhead Applied

The amount of overhead costs allocated to products or job orders based on the predetermined overhead rate.