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Instruction 3-7
Given Below Is the Frequency Distribution of the 12-Month

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Instruction 3-7
Given below is the frequency distribution of the 12-month rate of return achieved by 30 stocks.
 12-month Rate of Return  Number of Funds 0.10 but less than 0.030.0 but less than 0.150.1 but less than 0.260.2 but less than 0.3100.3 but less than 0.46\begin{array} { | c | c | } \hline \text { 12-month Rate of Return } & \text { Number of Funds } \\\hline - 0.10 \text { but less than } 0.0 & 3 \\\hline 0.0 \text { but less than } 0.1 & 5 \\\hline 0.1 \text { but less than } 0.2 & 6 \\\hline 0.2 \text { but less than } 0.3 & 10 \\\hline 0.3 \text { but less than } 0.4 & 6 \\\hline\end{array}
-Referring to Instruction 3-7,what is the approximate variance?

Understand how manufacturing overhead is applied to production and its effect on inventory accounts.
Comprehend the process of moving costs from Work in Process to Finished Goods and then to Cost of Goods Sold.
Understand the implications of a credit balance in the Manufacturing Overhead account.
Understand the process and reasons for applying or underapplying manufacturing overhead.

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