Refer to the Following Frequency Distribution on Days Absent During

question 98

Multiple Choice

Refer to the following frequency distribution on days absent during a calendar year by employees of a manufacturing company: How many employees were absent six days or more?

• A) 8
• B) 4
• C) 22
• D) 31

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Definitions:

Contribution Format

A financial statement format that separates fixed and variable costs to highlight the contribution margin.

Net Operating Income

This is the profit a business generates from its operations, excluding non-operating income and expenses, taxes, and interest.

Units

In a manufacturing or production context, units refer to individual items or products.

Variable Expenses

Costs that fluctuate with changes in production volume or business activity levels, such as raw materials and direct labor.