Because of the 1965 Changes in Immigration Laws, Thirty-Five Years

question 103

Multiple Choice

Because of the 1965 changes in immigration laws, thirty-five years later the immigrant population in the United States

• A) had declined significantly.
• B) increasingly came from Asia and Latin America.
• C) increasingly came from eastern Europe.
• D) had stayed about the same.
• E) centered on rural areas.

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Definitions:

Equivalent Units

A concept used in cost accounting to denote the amount of completed units that could have been produced given the total amount of direct materials and labor consumed.

Materials Requisitions

Documents or requests used within a company to authorize the retrieval or usage of materials from inventory for production purposes.

Process Cost System

An accounting system that accumulates manufacturing costs and then assigns them to a large number of identical or similar units of output, common in continuous manufacturing environments.

Job Order Cost System

An accounting system that accumulates costs for each individual job or batch of goods, tracking direct labor, direct materials, and overhead.