In a Factory, the Fixed Costs Are $6,000 When 600

question 79

Multiple Choice

In a factory, the fixed costs are $6,000 when 600 units are produced. If 900 units are produced, the fixed costs per unit would be

• A) $10.00.
• B) $9.00.
• C) $7.50.
• D) $6.67. 6,000/900.

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Definitions:

Chi-square Technique

A statistical test used to determine the difference between observed results and expected results in categorical datasets.

Qualitative Variables

Variables that express categorical properties or qualities such as gender, nationality, or brand preference, and are not numerical.

Independence

A statistical condition where two events or variables have no association or influence on each other; their occurrence is unrelated.

Level of Significance

A threshold in hypothesis testing that determines whether a result is statistically significant.