Consider the Following Scenario as You Answer These Questions

question 15

Multiple Choice

Consider the following scenario as you answer these questions.
Nala wants to determine if providing awards for science fair winners increases or decreases participation by average students. She thinks that by promoting science as a competition some children may decide not to participate. To address this question, Nala assigns schools in her district to two types, awarding or non-awarding schools and compares the participation rate of students in her two groups.
-Given Nala's study, what is one extraneous variable she has considered?

• A) School location
• B) Student achievement
• C) School type
• D) Participation rate

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Definitions:

Overapplied

A scenario in which the overhead costs allocated are higher than the overhead costs that were actually incurred.

Standard Cost System

An accounting method that uses predetermined costs for valuing inventory and recognizes variances between these costs and actual costs.

Cost of Goods Sold

The primary costs involved in the production of goods a company deals in, including the expenses for materials and labor.

Variances

Differences between planned, budgeted, or standard costs and actual costs, used in performance measurement and control.