Which of the Following Is Notone of the Three Major

question 123

Multiple Choice

Which of the following is notone of the three major manufacturing cost categories?

• A)Direct materials costs that can be easily traced to a product
• B)Direct labor costs of workers who transform materials into finished products and whose time can be easily traced to a product
• C)Manufacturing overhead costs which represents all other manufacturing costs that do not fit into the other categories
• D)Opportunity costs which are the manufacturing costs forgone by accepting another production alternative

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Definitions:

F Distribution

A probability distribution used in analysis of variance (ANOVA), among other tests; it is used to compare variances across multiple groups.

Probability

A numerical measure of the likelihood that an event will occur.

Value(s)

Represents the magnitude, amount, or number in a given context, or the worth of something.

Test Statistic

A calculated value from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis.