All Other Things Being Equal,how Will the Value of the Sample

question 63

Multiple Choice

All other things being equal,how will the value of the sample variance be different from the population variance?

• A)The sample variance will always be a smaller value than the population variance.
• B)The sample variance will always be a larger value than the population variance.
• C)The sample variance,but not the population variance,can be zero.
• D)The sample variance,but not the population variance,can be negative.

---

Definitions:

Variable Manufacturing Overhead

Indirect manufacturing costs that vary with the production volume, such as utilities for machinery.

Standard Costs

Pre-determined or estimated costs used for planning and control purposes, often used to measure performance by comparing them with actual costs.

Direct Labour

The wages and other compensation paid to employees who are directly involved in producing goods or providing services.

Labour Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost of labor for the actual production level.