When We Hear That a Recent Survey Found 36

question 47

Multiple Choice

When we hear that a recent survey found 36% of adults had used an on-line dating service,the is the

• A)estimated standard error.
• B)degrees of freedom.
• C)margin of error.
• D)confidence interval of the mean.

---

Definitions:

Direct Labor-Hours

The total hours of labor directly involved in the production of goods.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific products or services based on the activities that contribute to these costs.

Overhead

The indirect costs of running a business that cannot be directly linked to a specific product or service, such as utilities, rent, and administrative expenses.

Activity Rate

The predetermined overhead rate used in activity-based costing to assign overhead costs to products or services based on a specific activity.