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Instruction 4-6
At a NSW University,60% of the students are from NSW,30% are from interstate,and the remaining 10% are from overseas.All students must take and pass an English Proficiency Test (EPT)before they graduate.60% of the NSW students have passed the EPT,70% of the interstate students have passed the EPT,and 90% of the overseas students have passed the EPT.
-Referring to Instruction 4-6,if a randomly selected student is not from overseas,the probability the student has passed the EPT is ________.
Variable Selling Costs
Expenses that vary directly with the volume of production or sales, such as commissions or shipping charges.
Full Cost
The total cost incurred for producing a product or delivering a service, including both fixed and variable expenses.
Idle Capacity
The portion of a company's resources or production ability that is not being used in production but still incurs costs.
Special Order
A customer order that is outside the normal scope of company offerings, often requiring unique specifications, pricing, or production processes.
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