Evidence That Is Based in Numbers Is Known as ________

question 26

Multiple Choice

Evidence that is based in numbers is known as ________ data.

• A) computer-based
• B) survey
• C) quantitative
• D) qualitative

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Definitions:

Cost Object

Any item for which a separate measurement of costs is desired, such as a product, service, project, or department.

Normalised Overhead Rate

A rate calculated to allocate overhead costs uniformly throughout the production process, adjusted for variations to ensure consistency over time.

Overhead Rate

A metric that allocates overhead costs to the units of production or other cost bases.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, helping to more accurately determine the cost of products and services.