Micron Technology Has Sales Offices Located in Four Cities: Dallas,Seattle,Boston,and

question 54

Multiple Choice

Micron Technology has sales offices located in four cities: Dallas,Seattle,Boston,and Los Angeles.An analysis of the company's accounts receivables reveals the number of overdue invoices by days,as shown here. Assume the invoices are stored and managed from a central database.
If a randomly selected invoice is from the Los Angeles office,what is the probability that it is 60 or fewer days overdue?

• A)0.2702
• B)0.0231
• C)0.3461
• D)0.7765

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Definitions:

Direct Labor Hours

The total hours of labor directly involved in producing goods or services, often used as a basis for allocating overhead costs.

Indirect Labor

Labor costs not directly associated with the production of goods or services, such as administrative and support personnel.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting and variance analysis.

Direct Labor Hours

Direct Labor Hours are the total hours worked by employees directly involved in the production of goods or services.