A Simple Random Sample of 100 College Students Was Interviewed

question 112

Multiple Choice

A simple random sample of 100 college students was interviewed.They were asked what size pizza they usually ordered and what their favorite topping was.The results are presented below. Under the null hypothesis that there is no association between pizza size and pizza topping,are the data statistically significant at the 10% significance level? (Hint: You do not need to calculate the actual value of the chi-square statistic to answer this question. )

• A)Yes
• B)No
• C)This cannot be determined from the information given.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred and the expected (or standard) rate, multiplied by the actual activity level.

Variable Overhead Rate Variance

A measure used in managerial accounting to compare the actual variable overhead incurred to the expected overhead cost based on the standard cost system.

Indirect Labor

Labor costs related to tasks that support the production environment but are not directly involved in creating the final product.

Variable Overhead Efficiency Variance

A measure used in managerial accounting to assess the efficiency of variable overhead costs incurred relative to the expected amount of those costs.