An Ordinal Level of Measurement Is Not Able to Permit

question 47

True/False

An ordinal level of measurement is not able to permit "greater than" and "less than" distinctions.

---

Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead cost incurred and the expected (or standard) variable overhead cost for the actual production volume.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, excluding direct materials and direct labor.

Direct Labor Workers

Employees who are directly involved in the production of goods, their wages are considered direct labor costs.

Denominator Level

The base or reference level used in various accounting or financial ratios, indicating the scale or volume for allocation or comparison.