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Assumptions are needed to draw accurate conclusions about reality test Different assumptions are made for various statistical models and in order for models to reflect reality accurately; their assumptions need to be true. If assumptions are broken, accurate conclusions cannot be drawn about the data distribution. Therefore, part of the data process involves checking to make sure that your data doesn't fail this assumption.
During the current period, Job No. 337 was charged $425 in direct materials, $475 in direct labor, and $190 in overhead. If direct labor costs an average of $16 per hour, the company's overhead application rate is
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