The Following Data Represent the Numbers of Bedrooms in a Sample

question 50

Short Answer

The following data represent the numbers of bedrooms in a sample of 10 suburban houses in Mel-bourne:
$$\begin{array} { | r | r | r | r | r | r | r | r | r | r | } \hline 3 & 3 & 2 & 2 & 4 & 5 & 2 & 5 & 4 & 2 \\\hline\end{array}$$
Use these data to answer the following question/s.

-a. Compute the mean.
b. Compute the median.

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Definitions:

Manufacturing Overhead Cost Driver

A factor that causes the cost of manufacturing overhead to change, such as machine hours or labor hours.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead costs to products, calculated before the period begins based on estimated costs and activity levels.

Variable Manufacturing Overhead

Costs in the manufacturing process that vary with the level of production output, such as materials and energy usage.

Fixed Manufacturing Overhead

Costs associated with manufacturing that remain constant regardless of the level of production, such as salaries of management and rent of the facility.