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Wilson Company maintains a cafeteria for its employees.For June,variable food costs were budgeted at $45 per employee based on a budgeted level of 200 employees in other departments.During the month,an average of 190 employees worked in other departments and actual food costs totaled $9,250.How much food cost should be charged to the other departments at the end of the month for performance evaluation purposes?
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of data values, indicating how much the individual data points differ from the mean.
Median
The middle value or point in a data set, where half the data lies above and half below it.
Empirical Rules
Statistical rules that allow for the determination of probability within a normal distribution, stating percentages of data that lie within certain standard deviations from the mean.
Standard Deviations
Measures of how spread out the numbers in a dataset are, indicating the degree of variation from the mean.
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