Which of the Following Instructions Should Be Kept in Mind

question 18

Multiple Choice

Which of the following instructions should be kept in mind while reporting the means of thematically related variables?

• A) The mean and standard deviations should be shown with only one digit past the decimal.
• B) While preparing a table, percentages should generally display one digit past the decimal point.
• C) When a researcher reports means of thematically related variables, the items in the table should be ordered from the lowest to the highest average.
• D) While preparing a table, the maximum value should not be indicated as readers will not be able to easily compare the mean.
• E) The means of several thematically related variables can be reported in the same chart or table using a pie chart.

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Definitions:

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate.

Direct Labor Time Variance

The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating efficiency in labor usage.

Direct Labor Rate Variance

The difference between the actual labor cost incurred and the expected (or standard) labor cost for the actual production level.