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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a stratified random sample of students on a campus,sample members were asked to rate,on a scale of 1 (poor) to 5 (excellent) ,opportunities for improving the college infrastructure.The results are shown in the table below.
-If a total sample of 150 students is taken,determine the number of juniors and seniors under the optimum allocation scheme,assuming that the stratum population standard deviations are the same as the corresponding sample values.
Labor-Hours
A measure of the amount of work effort measured in hours, often used in tracking productivity and calculating labor costs.
Predetermined Overhead Rate
An estimated overhead rate used in costing to assign indirect costs to products or services based on an activity measure, recalculated for emphasis.
Machine-Hours
A unit of measure for the total operational time of machines within a manufacturing or production process.
Job Cost Sheet
A record or document that tracks the costs associated with a specific job or project within a job-order costing system.
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