A(n) ________ is a plot of the values of two variables for all the cases or observations
A) scatter diagram
B) regression line
C) covariance chart
D) distribution curve
E) observational plot
A
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Pepe Homes manufactures a range of bathroom accessories and fittings that include bath tubs, shower stalls, etc
While deciding on an effective advertising media vehicle for its planned advertising campaign, the marketing department decides that its advertising objectives would be best achieved if they used a medium that would portray their brand as prestigious and a symbol of luxury. To this effect, the medium should offer marketers a high degree of audience selectivity and high-quality reproduction. Which of the following advertising media would best serve the advertising purposes of Pepe Homes? A) outdoor media B) radio C) magazines D) television E) newspapers
When preparing the direct labor budget, ________.
A) the production manager projects the average direct labor costs B) direct labor hours needed for production are multiplied by the direct labor cost per hour C) the actual direct labor cost per hour must be known D) budgeted units to be produced are multiplied by direct labor cost per hour to determine budgeted direct labor cost
Which of the following accounts is increased by a debit entry?
A) Common stock B) Equipment C) Notes payable D) Service revenue
Aronson & Associates LLP Aronson & Associates LLP, an accounting firm, assigns overhead to clients based on direct labor hours. The following information is available for the month of March: Estimated direct labor hours 8,000 hours Estimated overhead costs $16,000 Actual direct labor hours 8,100 hours Actual overhead costs $16,190 Refer to the Aronson & Associates LLP information above. By how
much was overhead over- or underapplied for the month of March? A) $10 overapplied B) $190 overapplied C) $10 underapplied D) $190 underapplied