Match Each of the Following with the Appropriate Scale of Measurement

question 45

Essay

Match each of the following with the appropriate scale of measurement:
a.interval scale
c.ratio scale
b.ordinal scale
d.nominal scale
-Employee rating of job satisfaction.

Analyze variances between actual and estimated costs and their implications.

Understand the flow of costs in manufacturing accounts and how they affect financial statements.

Recognize the role of time tickets and machine hours in attributing costs to jobs.

Understand the treatment of underapplied or overapplied overhead in financial records.

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Definitions:

Possible Routes

Potential paths or methods that can be taken in a process or towards a destination.

Northwest Corner Rule

An allocation technique used in transportation and logistics to minimize costs by initially assigning shipments to the cheapest routes starting from the northwest corner of a cost matrix and proceeding accordingly.

Intuitive Method

A cost-based approach to finding an initial solution to a transportation problem.

Improvement Index

An indicator or metric used to quantify the level of improvement in a process, product, or service over time.