Why Do Firms Collect Costs by Job

question 89

Multiple Choice

Why do firms collect costs by job?

• A)For performance evaluation
• B)To provide information for cost control
• C)To compare actual with estimated costs for pricing future jobs
• D)All of the answers are correct.

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Definitions:

Z Scores

Standard scores indicating how many standard deviations an element is from the mean.

Combinations

The selection of items from a larger set where order does not matter.

Distribution

The way in which values in a dataset are spread or dispersed across the range of data points.

Kurtosis

The quality of a distribution that defines how flat or peaked it is.