The Concepts of Cost Allocation That Are Used in Manufacturing

question 58

Multiple Choice

The concepts of cost allocation that are used in manufacturing can also apply in:

• A) service and not-for-profit industries.
• B) service industries only.
• C) not-for-profit industries only.
• D) limited instances outside of manufacturing.

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Definitions:

Stepparents

Individuals who are married to a biological parent of a child and may take on parental responsibilities without being the child’s biological parent.

Nuclear Families

A family group consisting of two parents and their children (biological or adopted), considered a basic social unit.

Single-mother Households

Family units headed by a female parent without the presence of a spouse or male partner.

Single-father Households

Living arrangements where one man is the primary or sole caregiver and guardian for one or more children.