Which of the Following Sets of Four Numbers Has the Smallest

question 44

Multiple Choice

Which of the following sets of four numbers has the smallest standard deviation?

• A)7, 8, 9, 10
• B)5, 5, 5, 6
• C)0, 0, 10, 10
• D)0, 1, 2, 3

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Definitions:

Work in Process

Inventory that includes goods partially through the manufacturing process but not yet completed.

Predetermined Overhead Rate

The predetermined overhead rate is calculated before a period begins and is used to allocate overhead costs to products or job orders based on a consistent activity base.

Direct Labour-Hours

The cumulative hours that employees engaged in the production process have worked.

Cost of Goods Manufactured

Total production cost of goods completed during a specific period, including materials, labor, and overhead.