Consider the Following to Answer the Question(s) Below

question 30

Multiple Choice

Consider the following to answer the question(s) below:
A sales manager was interested in determining if there is a relationship between college GPA and sales performance among salespeople hired within the last year. A sample of recently hired salespeople was selected and the number of units each sold last month was recorded. Relevant data appear in the table below.
Below are the scatterplot, regression results, and residual plots for these data.
-The residual standard deviation, which measures the spread of points around the estimated regression line, is

• A) 3.256.
• B) 1.044.
• C) 1.63045.
• D) 34.70.
• E) 2.477.

---

Definitions:

Predetermined Overhead Rate

An estimated overhead rate used to apply the estimated cost of production overhead to individual products or job orders based on a particular activity, such as machine hours or labor hours.

Milling Department

The milling department refers to a specific section within a manufacturing facility where milling, a process of using rotary cutters to remove material, is performed.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including those related to running the factory outside direct labor and materials.

Job-Order Costing System

A cost accounting system in which costs are assigned to specific jobs or orders, used in industries where goods or services are produced to order.