A History Professor Gives a Quiz to His Class and Records

question 105

Multiple Choice

A history professor gives a quiz to his class and records the following scores: 13, 11, 11, 9, 12, 13, 16, 14, 11, 10, 8, 13, 20. The mode(s) for this distribution is(are) _________.

• A) 11
• B) 13
• C) 11 and 13
• D) there is no mode

Distinguishing between actual and applied overhead costs and the significance of the predetermined overhead rate formula.

Differentiating between absorption costing and job-order costing in terms of cost assignment to product units.

Understanding the implications of overhead rate calculations on cost accuracy and financial reporting.

Understand and explain the concept and importance of manufacturing overhead in job-order costing systems.

---

Definitions:

Folic Acid

A type of B vitamin necessary for the formation of red blood cells, DNA synthesis and repair, and crucial in early pregnancy to prevent neural tube defects.

Neural Tube Defects

are birth defects of the brain, spine, or spinal cord, occurring when the neural tube does not close completely during early fetal development.

CO2

Carbon dioxide, a colorless, odorless gas produced by burning carbon and organic compounds and by respiration, and absorbed by plants in photosynthesis.

O2

Symbol for oxygen, a vital element necessary for respiration in most living organisms.