Nobles Increasingly Relied Upon Gifts and Offices from Their Kings

question 14

Multiple Choice

Nobles increasingly relied upon gifts and offices from their kings and princes because:

• A) nobles were forbidden from engaging in commerce.
• B) the military roles the nobles had to play exhausted them financially.
• C) nobles began to play more of a role in the king's administration.
• D) they were signs of loyalty and affection from the king.
• E) nobles were becoming economically challenged by declining agricultural revenues.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to apply manufacturing overhead to products or job orders, calculated before the period begins based on expected costs and activity levels.

Machine-Hours

A measurement of the amount of time machines are operated during the production process.

Direct Labor-Hours

The total hours worked directly on the production of goods, used as a basis for allocating labor costs to products.

Departmental Predetermined Rates

Specific overhead rates calculated for each department within a company, used to allocate indirect costs more accurately.