Dem Mfg Has Gathered the Following Data in Preparing to Record

question 92

Multiple Choice

Dem Mfg. has gathered the following data in preparing to record their direct labour payroll costs for the week: Actual hours worked 18,500
Standard hours allowed 20,000
Total direct labour variance $8,300 F
Direct labour price variance $3,700 U
The standard direct labour price was:

• A)$8.00
• B)$8.20
• C)$3.07
• D)$3.05

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Definitions:

Contingency-table Test

A statistical test used to determine whether there is a significant association between two categorical variables.

Expected Cell Frequency

In the context of a contingency table, it is the number of observations expected in a cell based on the hypothesis being tested.

Chi-square Test of Independence

The Chi-square Test of Independence is a statistical test used to determine if there is a significant relationship between two categorical variables.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system without violating any constraint.