The Standard Deviation of the Past Five Monthly Returns for K

question 29

Multiple Choice

The standard deviation of the past five monthly returns for K and Company are 2.28 percent, 2.64 percent, −1.05 percent, 4.25 percent, and 9.25 percent. What is the standard deviation?

• A) 1.45 percent
• B) 1.62 percent
• C) 3.47 percent
• D) 3.76 percent

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Definitions:

Plantwide Overhead Rate

A single, uniform overhead absorption rate used throughout a manufacturing plant or facility.

Allocation Base

A criterion or standard used to distribute costs among different cost objects, often used in the process of overhead allocation.

Single Cost Pool

A simplified accounting method that aggregates all costs into one category.

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities and resources that go into producing them, providing precise cost information.