A Clock Card Is a Source Document That an Employee

question 40

True/False

A clock card is a source document that an employee uses to report how much time was spent working on a job or on overhead and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead.

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Definitions:

Mode

A statistical term that refers to the most frequently occurring number found in a set of numbers.

Barnum Effect

The phenomenon where individuals believe that vague, general personality descriptions accurately apply specifically to them.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of their relationship.

Statistical Relationship

The association or connection between two or more variables, which can be determined through statistical analyses.