In the Data Set 3 5 5 6 7 8

question 45

Multiple Choice

In the data set 3 5 5 6 7 8 8 9 10 10 10 15 17 20 20, what is the range?

• A)8
• B)10
• C)15
• D)17

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Definitions:

Direct Materials

These are specified components that can be easily identified and measured as part of the cost of creating a product or service.

Normal Standards

Performance benchmarks or criteria that are established based on average or anticipated conditions for the purpose of budgeting and cost control.

Labour Efficiency Variance

A measure that calculates the difference between the expected labor hours to produce an output and the actual hours used.

Poor Quality Materials

Materials that do not meet the required standards or specifications, potentially leading to failures in production or the final product.