The Accompanying Chart Shows the Numbers of Books Written by Each

question 41

Multiple Choice

The accompanying chart shows the numbers of books written by each author in a collection of cookbooks.What type of chart is this?

• A)Bar chart for qualitative data
• B)Bar chart for quantitative data
• C)Frequency histogram for qualitative data
• D)Frequency histogram for quantitative data

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Definitions:

Denominator Level

In cost accounting, it’s the level of activity used to allocate fixed costs to products or services, often representing the production capacity.

Budget Variance

This is the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.

Standard Hours

The set amount of time expected to complete a job or task, often used for planning and assessing the efficiency of operations.

Volume Variance

The difference between the budgeted volume of production and the actual volume, which affects the fixed overhead costs.