Examlex

Solved

A Researcher Asked Participants to Rate the Quality of Two

question 67

Multiple Choice

A researcher asked participants to rate the quality of two well-known brands of paper bags-Prime and Zenith. Prime was rated higher than Zenith with mean ratings of 5.50 and 3.25 respectively. This difference was statistically significant at the .05 probability level. The research hypothesis for this study suggests that:


Definitions:

Direct Materials Quantity Variance

The deviation of the actual direct materials amount utilized in manufacturing from the expected standard amount, times the set cost per unit.

Standard Price

The predetermined cost of a single unit of product or service, used in budgeting and to measure efficiency.

Direct Labor Rate Variance

The difference between the expected cost of direct labor and the actual cost incurred, based on the rate paid per hour.

Direct Labor Time Variance

The difference between the actual time spent on production and the estimated standard time, multiplied by the standard labor rate.

Related Questions