Find the Mean of the List of Data

question 3

Multiple Choice

Find the mean of the list of data. 48, 61, 40, 39, 87, 50, 96, 107

• A)65
• B)64
• C)67
• D)66
• E)68

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Definitions:

Allocation Base

A measure or statistic that is used to distribute costs among different departments, projects, or products.

Overhead

Refers to the ongoing business expenses not directly tied to creating a product or service, including rent, utilities, and administrative costs.

Departmental Overhead Rate Method

The departmental overhead rate method is a way of allocating indirect costs to products or services based on the overhead rates of specific departments within an organization, rather than using a single company-wide rate.

Overhead

The total cost of running a business that cannot be directly attributed to the production of goods or services, similar to factory overhead but can apply to non-manufacturing costs.