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Find the probability.
-The chart below gives the number of vehicle tags sold in each city. One car is selected at random from the cars with vehicle tags from these cities. What is the Probability that this car is from Salem? Round to the nearest ten-thousandth.
Standard Variable Overhead Rate
The estimated cost per unit of the variable overheads that are expected to be incurred in the production process.
Actual Total Variable Overhead Cost
The real expense incurred for variable overheads, which fluctuates with changes in production volume.
Direct Labour Efficiency Variance
The difference between the standard labor hours for actual production and the actual labor hours worked, indicating labor efficiency.
Standard Direct Labour Rate
Standard direct labour rate is the predefined cost allocated for the direct labour per hour that is expected to be incurred in the production process.
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