All of the Following Are True EXCEPT

question 17

Multiple Choice

All of the following are true EXCEPT:

• A) Sample size is one of the major costs in a research project.
• B) Sample size is directly proportional to the variance of the variable.
• C) Estimates of the population variance are based on small pilot studies, related research and judgment of the researcher.
• D) The researcher should disclose to the client unexpected differences between expected and actual sample standard deviations.
• E) Inflating population variance estimates does not lead to inflating the sample size.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders based on a consistent activity measure, calculated prior to the period in which it is used.

Machine-Hours

A measure of production time, indicating how many hours machines are operated in the manufacturing process.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance of factory equipment, and salaries of factory supervisors.

Job Cost

The total cost of materials, labor, and overhead allocated to a specific job or project.