A Bag Contains 5 Red Chips and 12 Blue Chips

question 61

Multiple Choice

A bag contains 5 red chips and 12 blue chips.Two chips are selected randomly without replacement from the bag.What is the probability that the two chips are both red?

• A)0.621
• B)0.250
• C)0.559
• D)0.441
• E)0.074

Calculate unit product costs using traditional and ABC systems.

Evaluate the impact of unused capacity on overhead rates and costs.

Analyze the financial implications of job-order costing decisions on gross margin.

Understand the concept of traditional costing system and how manufacturing overhead is applied using direct labor-hours.

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Definitions:

Intersexed

Describes individuals born with physical sex characteristics that do not fit typical binary notions of male or female bodies.

Gender Attributes

The characteristics, roles, behaviors, activities, and attributes that a society considers appropriate for men and women.

Child Rearing

The process of supporting and promoting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.

Aymara Indians

Indigenous people native to the Andes mountains in South America, known for their rich culture and traditional way of life.