Which of the following statements is true regarding z-scores for the normal probability distribution?
A) z-scores are negative for values of x that are less than the distribution mean.
B) z-scores are positive for values of x that are less than the distribution mean.
C) z-scores are zero for values of x that are less than the distribution mean.
D) z-scores are equal to 1.0 for values of x that are equal to the distribution mean.
A
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The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000 . During June, 44,050 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000 . The direct labor efficiency variance in June was
a. $20,300 (U). b. $12,300 (U). c. $12,300 (F). d. $15,300 (U).
The overhead allocation method that allocates service department costs without consideration of services rendered to other service departments is the
a. step method. b. direct method. c. reciprocal method. d. none of the above.
Profit maximization is the major focus of value engineering
Indicate whether the statement is true or false
Since graphs are usually quite descriptive, no interpretation is necessary for the prospect to understand the material
Indicate whether the statement is true or false