According to a Hospital Administrator,historical Records Over the Past 10

question 33

Multiple Choice

According to a hospital administrator,historical records over the past 10 years have shown that 20 percent of the major surgery patients are dissatisfied with after-surgery care in the hospital.A scientific poll based on 400 hospital patients has just been conducted.What is the probability that fewer than 64 patients will not be satisfied with the after-surgery care?

• A)47.72%
• B)2.28%
• C)97.72%
• D)95.44%
• E)4.56%

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Definitions:

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the costs needed to convert raw materials into finished goods.

Direct Materials

These are the raw materials that are directly incorporated into a finished product.

Prime Cost

The combined direct costs of raw material and labor that are directly associated with the production of a product.

Discretionary Fixed Costs

Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.