Solve the Problem $\frac { 3 } { 4 }$ B) $\frac { 1 } { 2 }$

question 19

Multiple Choice

Solve the problem.
-What is the probability of spinning an A on this spinner?

• A) \(\frac { 3 } { 4 }\)
• B) \(\frac { 1 } { 2 }\)
• C) \(\frac { 1 } { 4 }\)
• D) \(\frac { 3 } { 8 }\)

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Definitions:

Overhead Cost

Indirect costs of production or service delivery, such as utilities, rent, and administrative expenses.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities required to produce them, aiming to provide more accurate cost information.

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, such as rent and utilities.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead costs by total direct labor hours or machine hours, applied uniformly across all products.