According to a Survey of the Top 10 Employers in a Major

question 71

Multiple Choice

According to a survey of the top 10 employers in a major city in the Midwest,a worker spends an average of 413 minutes a day on the job.Suppose the standard deviation is 26.8 minutes and the time spent is approximately a normal distribution. What are the times that approximately 95.44% of all workers will fall?

• A)[387.5 438.5]
• B)[386.2 439.8]
• C)[372.8 453.2]
• D)[359.4 466.6]
• E)[332.6 493.4]

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Definitions:

Activity Variance

The difference between actual activity levels and those planned, often leading to budget variances.

Manufacturing Overhead

All indirect costs associated with the production process, including costs related to running the factory that cannot be directly linked to specific units produced.

Cost Formula

A mathematical equation used to predict costs at different levels of activity, considering both fixed and variable components.

Revenue Variance

The difference between actual revenue earned and the projected or budgeted revenue.