Identify the Data Setʹs Level of Measurement $\begin{array} { l l l l l } 34 & 22 & 31 & 21 & 38\end{array}$

question 3

Multiple Choice

Identify the data setʹs level of measurement.
-the average daily temperatures (in degrees Fahrenheit) on five randomly selected days $\begin{array} { l l l l l } 34 & 22 & 31 & 21 & 38\end{array}$

• A)interval
• B)nominal
• C)ordinal
• D)ratio

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Definitions:

Standard Hours

Standard hours refer to the set amount of time expected to complete a task or job based on efficiency standards.

Work in Process Inventory

Represents goods that are partially completed in the manufacturing process, not yet ready for sale.

Direct Labor Variances

The difference between the estimated cost of direct labor and the actual direct labor cost incurred.

Controllable Variance

Controllable variance is a measure used in managerial accounting to assess the differences between actual and budgeted amounts that management can influence or control.