Answer the following questions using the information below:
Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:
-What is the budgeted variable overhead cost rate per output unit?
Definitions:
Stratified Sampling
A method of sampling that involves dividing a population into subgroups and randomly selecting samples from each of these groups.
Convenience Sampling
A sampling technique where participants are selected based on their easy availability and proximity to the researcher, potentially introducing bias.
Quota Sampling
Sampling that attempts to replicate in a sample the features that the researcher thinks are important in the population.
Random Sampling
A technique where every individual of a population has an equal chance of being selected to form a sample, ensuring the sample’s representativeness.
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