Which Measure of Variability Is Easiest to Calculate

question 39

Multiple Choice

Which measure of variability is easiest to calculate?

• A)standard deviation
• B)mode
• C)range
• D)variance

---

Definitions:

Direct Labor Budget

A financial plan that estimates the cost of direct labor needed to meet production needs within a specific timeframe.

Direct Labor-Hour

A measure of the amount of time workers spend directly working on manufacturing a product or providing a service.

Labor Rate

The cost per hour that a company pays for labor, often used in calculating the total labor cost of a project or production.

Selling and Administrative Expense Budget

outlines predicted selling expenses and administrative costs for a future period.