The Highest Score Minus the Lowest Score Plus One Is

question 52

Multiple Choice

The highest score minus the lowest score plus one is equal to the ______.

• A)exclusive range
• B)variance
• C)inclusive range
• D)standard deviation

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Definitions:

Variable Costing

An accounting method that only considers variable costs (costs that change with production volume) when calculating the cost of goods sold and in the determination of profitability.

Absorption Costing

An accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and variable overhead) in product cost calculations, excluding fixed overhead.