The Standard Cost Card for One Unit of a Finished

question 2

Multiple Choice

The standard cost card for one unit of a finished product shows the following:
If the total standard variable cost for one unit of finished product is $78,then the standard price per foot for direct materials is:

• A) $2
• B) $3
• C) $4
• D) $5

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Definitions:

Set of Data

A collection of data points or values obtained from observations, experiments, or simulations.

Median

The middle value in a data set when it is ordered from smallest to largest, or the average of the two middle values when the data set has an even number of values.

Set of Data

A collection of data points or values gathered for the purpose of analysis.

Mode Age

The most frequently occurring age within a data set.