The Following Represent the Sizes of Fleece Jackets for Kids

question 115

Essay

The following represent the sizes of fleece jackets for kids sold at a local Old Navy Store:
6 7 4 8 1 0 4 5 4 4 6
Calculate the mean,median,and mode size of fleece jackets for kids.Which of these measures of the central location represents the age that the store would like to target for advertisement dollars.

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Definitions:

Direct Labor Time Variance

The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating efficiency in labor usage.

Direct Labor Rate Variance

The difference between the actual labor cost incurred and the expected (or standard) labor cost for the actual production level.

Direct Labor Variances

The differences between the budgeted and actual labor costs incurred during a production process, analyzed to control and optimize labor expenses.