Direct Labor Hours Is Not a Cost Pool That Is

question 43

True/False

Direct labor hours is not a cost pool that is regularly used in the activity-based costing method.

---

Definitions:

Median

The middle value of a dataset, which divides the dataset into two halves when the numbers are arranged in ascending order.

1st Quartile

The 1st quartile, also known as the lower quartile, is a statistical measure that divides the lowest 25% of data in a dataset from the highest 75%.

3rd Quartile

The value below which 75% of the data in a dataset falls, marking the upper quartile in a distribution of values.

Negatively Skewed Distribution

A distribution where the tail on the left side of the probability density function is longer or fatter than the right side.