The Overhead Cost Per Unit of Product P Under Activity-Based

question 56

Multiple Choice

The overhead cost per unit of Product P under activity-based costing is closest to:

• A) $4.00.
• B) $6.88.
• C) $10.00.
• D) $30.16.

---

Definitions:

Continuous Random Variable

A variable that can take an infinite number of values within a given range, representing quantities that can be measured on a continuum.

Real Numbers

A value on the continuous number line which includes all the rational and irrational numbers.

Possible Outcomes

All the potential results that may arise from a specific set of circumstances or an experiment.

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent trials, with each trial having the same probability of success.