The Robinson- Patman Act Does NOT Include Regulations

question 130

Multiple Choice

The Robinson- Patman Act does NOT include regulations .

• A)that apply to resellers
• B)that prohibit selling the same product to different retailers at different prices
• C)that prohibit price discrimination in interstate commerce
• D)that prohibit offering such "extras" as discounts,rebates,premiums,and coupons to some but not all customers
• E)that protect final consumers

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Definitions:

Predetermined Overhead Rate

A rate estimated before the accounting period begins, used to allocate manufacturing overhead to products or job orders.

Factory Overhead

The indirect manufacturing costs not directly tied to the production of a specific product, such as electricity for the manufacturing plant.

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.

Cost Accounting Systems

Methods and procedures used by businesses to track, record, and analyze costs associated with their operations.