The Sum of Deviations of the Individual Data Elements from Their

question 72

Multiple Choice

The sum of deviations of the individual data elements from their mean is

• A) always greater than zero.
• B) always less than zero.
• C) sometimes greater than and sometimes less than zero, depending on the data elements.
• D) always equal to zero.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a particular activity base.

Machine-hours

A measure of the time that machines are operating, often used as a basis for allocating manufacturing overhead costs.

Direct Materials Cost

The cost of raw materials and components that are directly used in the production of a product.

Direct Labor-hours

Direct labor-hours are the total time workers spend on producing a particular unit of goods or services.