Answer the following question(s) using the information below.Sunny Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect cost allocation rate of $15 per direct labour hour.The following data are obtained from the accounting records for June in the current year:
-The amount of manufacturing overhead allocated to all jobs during June totals
Definitions:
Independent Variable
A variable that is manipulated or controlled in an experiment to test its effect on the dependent variable.
Coefficient of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot.
Gas Mileage
A measure of a vehicle's fuel efficiency, commonly expressed in miles per gallon (MPG) or liters per 100 kilometers (L/100km).
Truck Speed
The rate at which a truck travels, typically measured in miles per hour (mph) or kilometers per hour (km/h).
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