The Ages of Students in a Class Have Been Put

question 13

Multiple Choice

The ages of students in a class have been put into the frequency distribution below. What is the mode age of these students?

• A) 18
• B) 19
• C) 20
• D) 21
• E) 23

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Definitions:

Absorption Costing

An accounting method that integrates all costs associated with manufacturing, from direct materials and labor to variable and fixed overheads, into the final cost of a product.

Variable Costing

A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed overhead.

Operating Income

The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.

Segment Margin

The amount of profit or loss generated by a particular segment of a business after accounting for the direct and indirect costs associated with that segment.