List and Describe Four Tools Used to Track Hurricanes and Develop

question 72

Essay

List and describe four tools used to track hurricanes and develop forecasts.

---

Definitions:

Conversion Costs

All manufacturing costs other than direct material costs.

Absorption Costing

A method of inventory costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Direct Materials Costs

Costs directly traceable to the production of a product, including raw materials and component parts.