What can be said about a correlation coefficient of +1?
What will be an ideal response?
This is a perfect positive correlation where all of the values lie in a straight line. The positive value indicates that as X increases in value, so does Y.
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Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, the company estimated total manufacturing overhead costs at $1,000,000 and total direct labor costs at $830,000. In June, Job 711 was completed. The details of Job 711 are shown below. Direct materials cost $27,000 Direct labor cost $13,000 Direct labor hours 400 hours Units of product produced 500 units How much was the cost per unit of finished product? (Round any percentages to two decimal places and your final answer to the nearest cent.) A) $80.00 B) $101.58 C) $85.20 D) $111.20
Goal commitment and financial incentives affect whether goals are achieved.
a. true b. false