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Instruction 7-7
Online customer service is a key element to successful online retailing.According to a marketing survey,37.5% of online customers take advantage of the online customer service.Random samples of 200 customers are selected.
-Referring to Instruction 7-7,________% of the samples are likely to have less than 37.5% who take advantage of online customer service.
Total Manufacturing Cost
The total expenses directly related to the manufacture of products, encompassing the price of raw materials, wages for direct labor, and indirect manufacturing costs.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual jobs or units based on a certain activity base, such as labor hours or machine hours, calculated before the period begins.
Machine-Hours
A measure of production or work volume calculated by the number of hours machines are operating.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead to products or job orders, calculated by dividing estimated overhead costs by an allocation base.
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