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Dukeman Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During February, the company budgeted for 7,100 units, but its actual level of activity was 7,060 units. The company has provided the following data concerning the formulas to be used in its budgeting:
-The direct materials in the flexible budget for February would be closest to:
Z-scores
An analytical metric indicating the proximity of a particular value to the average value in a dataset, quantified by the number of standard deviations separating it from the mean.
Standard Normal Distribution
A standard normal distribution characterized by a mean equal to zero and a standard deviation equal to one.
Greater Than
A mathematical symbol (>) indicating that one value is larger or more than another value.
Z-scores
Standard scores that indicate how many standard deviations an element is from the mean.
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