The Term for Nonnumerical Data Is _______ Data

question 43

Multiple Choice

The term for nonnumerical data is _______ data.

• A) quantitative
• B) quota
• C) qualitative
• D) quintessential

Understand how fixed manufacturing overhead costs are treated under variable and absorption costing.

Recognize the importance of not arbitrarily allocating common costs to segments.

Understand the conditions under which net operating income under variable and absorption costing will be different or equal.

Understand the difference in net operating income reporting between variable and absorption costing under various production and sales scenarios.

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Definitions:

Isotope

Variants of an element that contain the same number of protons but different numbers of neutrons in their nuclei.

Neutrons

Subatomic particles, found in the nucleus of an atom, that have no electrical charge and a mass slightly larger than that of protons.

Element

A substance that cannot be broken down into simpler substances by chemical means and is made up of atoms all with the same number of protons.

Isotope

Variants of a particular chemical element which differ in neutron number, and consequently in mass, but not in electrical charge.