When is the Tukey multiple comparison method used?
a. To test for normality.
b. To test for differences in pairwise means.
c. To test for equality of a group of population means.
d. To test equal variances.
B
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Empathy refers to the caring, individualized attention provided to customers.
Answer the following statement true (T) or false (F)
B. Foundations
A. family B. corporate C. operating D. independent
In activity-based costing, the total activity in an activity cost pool can be computed by:
A. dividing the total overhead cost in the activity cost pool by the activity cost pool's activity rate. B. multiplying the total overhead cost in the activity cost pool by the activity cost pool's activity rate. C. multiplying the activity cost pool's activity rate by the direct labor-hours required to make a product. D. dividing the activity cost pool's activity rate by the direct labor-hours required to make a product.
Frederick Co. is thinking about having one of its products manufactured by an outside supplier. Currently, the cost of manufacturing 5,000 units is: Direct material$62,000 Direct labor 47,000 Variable factory overhead 38,000 Factory overhead 52,000 If Frederick can buy 5,000 units from an outside supplier for $130,000, it should:
A. Buy the product because total fixed and variable manufacturing costs are greater than $130,000. B. Buy the product because the total incremental costs of manufacturing are greater than $130,000. C. Make the product because the cost of direct material plus direct labor of manufacturing is less than $130,000. D. Make the product because current factory overhead is less than $130,000. E. Make the product because factory overhead is a sunk cost.