The Probability Rule That Applies When Figuring the Probability of Getting

question 18

Multiple Choice

The probability rule that applies when figuring the probability of getting both of two independent outcomes is the

• A)addition rule.
• B)subtraction rule.
• C)multiplication rule.
• D)division rule.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to individual units of production, based on a chosen activity base.

Direct Labor-Hours

A measure of the work input in terms of hours that can be directly attributed to the production process.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a selected activity base, like direct labor hours or machine hours.

Machine-Hours

A measure of the total time machines are operated within a production process, often used for allocating costs based on machine usage.