Use the Following Scatterplot to Answer the Questions

question 42

Multiple Choice

Use the following scatterplot to answer the Questions:
-What conclusions can you reach if you hear 18 chirps a minute?

• A) The temperature is about 87.
• B) The temperature is about 90.
• C) This is not a valid answer; 18 is not possible.
• D) The data of the scatterplot are not valid.

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Definitions:

Variable Factory Overhead Controllable Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead expenses expected, which can be controlled or influenced by management.

Standard Factory Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a certain base such as labor hours or machine hours.

Direct Labor Hour

A measure of the amount of time an employee spends producing goods or services, directly associated with the product's cost.

Normal Capacity

Represents the average production level expected over a specific period under normal operating conditions.