With Categorical Data, the Primary Piece of Data Is

question 52

Multiple Choice

With categorical data, the primary piece of data is

• A) a measurement.
• B) a cell frequency.
• C) a mean.
• D) both b and c

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Definitions:

Product Costs

The costs incurred by a company to manufacture or acquire a product which include materials, labor, and overhead.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service.

Direct Labor

The wages and benefits for employees directly involved in the production of goods or services.

Plantwide Factory Overhead Rate

A single overhead absorption rate used across an entire manufacturing plant, calculated by dividing the total factory overhead by a predetermined base, such as total direct labor hours or machine hours.