I an Illustration of an Experiment Is Turning the Ignition

question 95

Multiple Choice

i. An illustration of an experiment is turning the ignition key of an automobile as it comes off the assembly line to determine whether or not the engine will start. ii. If there are 'm' ways of doing one thing and 'n' ways of doing another thing, the multiplication formula states that there are (m) *(n) ways of doing both.
iii. A permutation is an arrangement of a set of objects in which there is an order from the first through the last.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) (i), (ii) and (iii) are all false statements.

---

Definitions:

Direct Labor Time Variance

The difference between the actual time spent on production and the estimated standard time, multiplied by the standard labor rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or budgeted) cost, based on standard rates and actual hours worked.

Actual Costs

The real financial expenditures that a company incurs, as opposed to budgeted or estimated costs.

Standard Materials Quantity

The predetermined amount of materials expected to be used in the production of a single unit or a batch of product, under normal conditions.