When a Union and a Group of Employers Agree Upon

question 13

Multiple Choice

When a union and a group of employers agree upon specified wages and working conditions, the effect among the employers with respect to those wages or working conditions may be to reduce:

• A)competition.
• B)disparity.
• C)unfair labor practices.
• D)litigation over wages.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products or job orders, based on a planned amount of activity.

Machine-Hours

A measure of production output or activity based on the number of hours machines are run, used in allocating machine-related costs to products.

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with the level of production output, such as utilities or materials.

Machine-Hours

A measure of production time, representing the number of hours machines are operated in the production process.