Quality Control Is an Important Issue at ACME Company Which

question 60

Multiple Choice

Quality control is an important issue at ACME Company which manufactures light bulbs.In order to conduct testing of the life hours of their light bulbs,they randomly sampled nine light bulbs and measured how many hours they lasted (mean = 346.6) .378,361,350,375,200,391,375,368,321 What is the variance?

• A)342.43
• B)3424.3
• C)58.5
• D)191
• E)10609

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Definitions:

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.

Expense

Costs incurred in the process of earning revenue, representing outflows of assets or incurrence of liabilities.

Administrative Expenses

Operating expenses such as general office expenses that are incurred indirectly in the selling of goods.

Advertising Expense

Costs incurred in promoting products, services, or the brand to attract customers and increase sales.