High Traffic Products Corporation Has Two Departments,Small and Large

question 107

Multiple Choice

High Traffic Products Corporation has two departments,Small and Large.Central costs could be allocated to the two departments in various ways.

If total rent expense of $144,300 is allocated on the basis of square footage,the amount allocated to the Large Department would be ________.(Do not round interim calculations.Round the final answer to the nearest whole dollar. )

• A)$103,000
• B)$41,100
• C)$72,150
• D)$103,200

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Definitions:

Mean Speed

The average velocity of an object over a defined period of time.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation means that the values tend to be close to the mean, while a high standard deviation means they are spread out over a wider range.

Normal Model

Also known as the normal distribution, a bell-shaped curve that represents the distribution of many types of data where most values cluster around a mean value.

85th Percentile

A value below which 85% of the data points in a dataset fall, used in statistical analysis to understand distribution.