Use the Following Table to Determine Whether or Not There

question 5

Multiple Choice

Use the following table to determine whether or not there is a significant difference between the average hourly wages at two manufacturing companies. The p-value is ________.

• A)0.036
• B)0.0336
• C)0.4664
• D)2.58

---

Definitions:

Job-Order Costing

An accounting method that tracks production costs to specific jobs or orders, allowing for detailed cost analysis of each job.

Predetermined Overhead Rate

A rate calculated by dividing estimated overhead costs by an allocation base, used to allocate overhead costs to products or services.

Direct Labor-Hours

A measure of the total hours worked by employees directly involved in manufacturing a product or providing a service.

Manufacturing Overhead

Manufacturing overhead encompasses all production costs other than direct materials and direct labor, including expenses like factory equipment maintenance and utilities.