From a Deck of 52 Playing Cards, Two Cards Are

question 85

Multiple Choice

From a deck of 52 playing cards, two cards are drawn, one after the other without replacement. What is the probability that the first will be an ace nd the second will be an ace? ​

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and included in the direct costs of production.