Write the Word or Phrase That Best Completes Each Statement

question 77

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Find the probability that of 25 randomly selected students, no two share the same birthday.

• A)0.431
• B)0.995
• C)0.569
• D)0.068

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Definitions:

Finished Product

A good that has completed the manufacturing process and is ready to be sold to customers.

Direct Labor Variance

The difference between the actual labor costs incurred and the standard or expected costs for the labor to produce a certain amount of goods.

Materials Quantity Variance

The variance between the real amount of materials utilized in manufacturing and the anticipated standard amount, times the standard unit cost.

Overhead Variance

The difference between the actual overhead costs incurred and the standard or expected overhead costs.