A Histogram Can Be Defined As

question 88

Multiple Choice

A histogram can be defined as:

• A)a chart whose bar widths show the cumulative frequencies of data values.
• B)a chart whose bar widths indicate class intervals and whose areas indicate frequencies.
• C)a chart whose bar widths show class intervals and whose heights indicate frequencies.
• D)a chart whose bar heights represent the value of each data point.

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Definitions:

High-low Method

An approach to estimating the fixed and variable components of costs by analyzing the highest and lowest levels of activity.

Variable Cost

Costs that change in proportion to the level of production or sales volume, such as raw materials and direct labor.

Machine-hour

A unit of measure representing the operation of a machine for one hour, often used to allocate manufacturing overhead.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the buffer amount that sales can decrease before reaching a loss.