The Relative Frequency of a Class in a Histogram Is

question 104

Multiple Choice

The relative frequency of a class in a histogram is computed by

• A)dividing the frequency of the class by the number of classes.
• B)dividing the frequency of the class by the class width.
• C)dividing the frequency of the class by the total of all frequencies.
• D)None of these choices.

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Definitions:

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) to produce one unit of a product.

Absorption Costing

An accounting method that includes all manufacturing costs (direct material, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Net Operating Income

A company's total earnings from its operations, excluding taxes and interest.

Absorption Costing

A cost accounting procedure that comprises adding up all expenses involved in manufacturing—direct materials, direct labor, and manufacturing overhead, both fixed and variable—to the cost of the product.