Two Groups That Have Limited Access to Technology Are

question 34

Multiple Choice

Two groups that have limited access to technology are:

• A)Children who live in rural areas and children who live in poverty
• B)Children who live in poverty and urban areas
• C)Children who are from minority populations and urban areas
• D)Children who are from minority populations and rural areas

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Definitions:

Absorption Costing

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

Variable Costing

An accounting method that only includes variable production costs (direct labor, direct materials, and variable manufacturing overhead) in product costs.

Unit Product Cost

The total cost (both variable and fixed) associated with producing a unit of product.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses but before taxes and interest.