As a General Rule to Follow to Determine Which of the Different

question 81

Multiple Choice

As a general rule to follow to determine which of the different measures of location to use,if the variable is measured on a nominal scale,________ is the appropriate measure of central tendency that should be used.

• A) range
• B) mode
• C) mean
• D) median

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Definitions:

Manufacturing Company

An entity engaged in the production of goods by combining raw materials and components in an industrial process.

Work in Process Inventory

Work in process inventory consists of partially finished goods that are still in the production process at a given point in time.

Overapplied Overhead

A situation where the overhead allocated to products or services exceeds the actual overhead costs incurred.

Cost Accounting System

A method of accounting for the collection, recording, classification, analysis, and allocation of direct costs, indirect costs, and overheads to cost units and cost centres for budgeting, controlling, and decision making.