Which of the Following Is a Difference Between Primary Data

question 37

Multiple Choice

Which of the following is a difference between primary data and secondary data?

• A)​Primary data are inexpensive and save time and money, while secondary data are expensive and more time consuming.
• B)Primary data can be maintained in secrecy, while secondary data are usually available to all interested parties for relatively small fees or free.
• C)Primary data result in a mismatch between a researcher's unique problem and the purpose for which the data was collected, while secondary data result in no such mismatch.
• D)​Primary data are data that have been previously collected, while secondary data are data that have been collected for the first time.

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Definitions:

Predetermined Overhead Rate

A rate calculated before a period begins, used to apply manufacturing overhead costs to products based on a relevant activity, such as machine hours or labor hours.

Underapplied

Describes a situation where the allocated overhead costs in accounting are less than the actual overhead costs incurred.

Overapplied

A scenario in which the overhead cost assigned to manufacturing exceeds the overhead that was actually incurred.

Direct Labor-Hours

A measure of the labor directly involved in manufacturing a product, represented in hours.