-Refer to Exhibit 2A

question 1

Multiple Choice

-Refer to Exhibit 2A.1. Calculate the coefficient of correlation.

• A) -0.456
• B) -0.354
• C) 0.000
• D) 0.456
• E) 3.538

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Definitions:

Machine-Hours

A measure of production time wherein the focus is on the number of hours a machine is operated in the manufacturing of goods.

Casting Department

The casting department is a specialized segment within a manufacturing facility where metal casting processes are carried out to create metal parts.

Finishing Department

A section of a manufacturing company where goods are completed and prepared for sale.

Predetermined Overhead Rate

An estimated overhead rate used to allocate manufacturing overhead costs to products, calculated before the period begins.