When Calculating the Budgeted Rate for Direct Professional Time,the Numerator

question 3

Multiple Choice

When calculating the budgeted rate for direct professional time,the numerator is:

• A)budgeted number of professional hours.
• B)actual number of professional hours.
• C)budgeted cost of professional time.
• D)actual cost of professional time.

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Definitions:

Graphical Method

A technique of solving mathematical problems by representing them with graphs.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact by controlling and varying one or more variables.

Mutually Exclusive

Events that cannot occur at the same time, implying that the occurrence of one event excludes the occurrence of the other.

Events

Outcomes or occurrences that can be clearly defined, measured, and distinguished from other events in a probability context.