Consider the Following to Answer the Question(s) Below

question 32

Essay

Consider the following to answer the question(s) below:
Data were collected on annual personal time (in hours) taken by a random sample of 16 women and 7 men employed by a medium sized company. The women took an average of 24.75 hours of personal time per year with a standard deviation of 2.84 hours. The men took an average of 21.86 hours with a standard deviation of 3.29 hours. The Human Resources Department believes that women tend to take more personal time than men because they tend to be the primary child care givers in the family.
-State your conclusion using α = 0.05.

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Definitions:

Standard Costs

Predetermined costs of manufacturing, overhead, material, and labor that are used as benchmarks to measure performance against actual costs.

Clerical Costs

Expenses associated with administrative tasks and office support activities within an organization.

Predetermined Overhead Rate

A rate based on the relationship between estimated annual overhead costs and expected annual operating activity, expressed in terms of a common activity base.

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or services, used for cost allocation and operational planning.