The Relative Frequencies in a Distribution Will Always Sum To

question 42

Multiple Choice

The relative frequencies in a distribution will always sum to:

• A)1.00
• B)100.00
• C)relative frequencies can not be summed
• D)none of these

Understand the significance of direct materials, direct labor, and factory overhead in process costing.

Recognize how costs are allocated in ending work-in-process inventory.

Identify the steps and components involved in preparing a cost of production report.

Grasp the importance of controlling production costs and how they are analyzed.