Use the Table for the Question(s)below

question 49

Multiple Choice

Use the table for the question(s) below.
Consider the following realized annual returns:
-The variance of the returns on Stock A from 2000 to 2009 is closest to:

• A).3145
• B).0990
• C).1100
• D).9890

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Definitions:

Relevant Cost

A cost that differs between alternatives in a decision. This term is synonymous with avoidable cost and differential cost.

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product.

Direct Labour

The workforce directly involved in producing goods or delivering services, whose costs are directly attributable to the products or services.

Manufacturing Overhead

All manufacturing costs except direct materials and direct labor.