"Special Attention Will Be Focused on Expanding the Production of Goods

question 38

Multiple Choice

"Special attention will be focused on expanding the production of goods for mass consumption,on raising the standard of life of the working people by consistent and systematic reduction of the costs of all goods,and on wide-scale construction of all kinds of scientific research institutes to enable science to develop its forces.I have no doubt that if we render the necessary assistance to our scientists they will be able not only to overtake but also in the very near future to surpass the achievements of science outside the boundaries of our country." What was one important aspect of Joseph Stalin's Five-Year Plan?

• A) Improved globalization efforts
• B) Improved infrastructure for medical development
• C) Reduction of the cost of goods
• D) Improved health care for all Soviet citizens

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Definitions:

Multiple Production Department Factory Overhead Rate

Different rates used for allocating factory overhead costs to products based on the department in which those costs are incurred.

Product A

Not a real key term.

Indirect Labor

Wages paid to employees who are not directly involved in producing goods or providing services, such as maintenance and supervisory staff.

Activity Pools

In cost accounting, groups of tasks that have a similar cost driver in activity-based costing, helping allocate overhead costs more accurately.