The accounting manager is gathering data to form a cost allocation pool and cost allocation rate for
Question:
The accounting manager is gathering data to form a cost allocation pool and cost allocation rate for materials handling costs at the Markleton Company, which makes outdoor furniture and signage from plastic resins. The manager is gathering data on the pounds of plastic resin processed in the month of January in each department. As a first step, the manager is cleaning the data that were downloaded from the company’s information system. An excerpt of those data is given in a screenshot here:
Questions1. What is one column that likely contains irrelevant data for this analysis?2. Which rows contain duplicate records?3. Which column needs to have its data standardized?4. What cell(s) contain missing data?5. In the Pounds processed column, which cell likely contains an outlier?
Step by Step Answer: