An MSN Survey in 2001 Reported That for the Age

question 114

Multiple Choice

An MSN survey in 2001 reported that for the age group under 25,e-mail was fast replacing face-to-face contact.Which of the following is NOT a finding of the MSN study?

• A) 44% of the respondents felt that it was acceptable to send a thank-you note by e-mail
• B) 27% had sent an electronic card for a birthday greeting
• C) 70% no longer desire face-to-face contact with friends
• D) 10% of the women said that they had used e-mail to end a relationship.
• E) 48% of young people said that they got their news from facebook

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Definitions:

Overhead Rate

The rate used to allocate manufacturing overhead to individual units of product, typically based on a standard measure such as labor hours or machine hours.

Normal Costing System

An accounting method that assigns indirect costs based on a predetermined rate and direct costs based on actual values.

Actual Overhead Costs

The real expenses incurred for indirect materials, labor, and other costs that are not directly tied to the production of goods or services.

Predetermined Overhead Rate

The predetermined overhead rate is calculated by dividing estimated total overhead costs by an estimated allocation base, used to allocate overhead to products or job orders.