One of the Reasons Why the Great Depression Was So

question 155

Multiple Choice

One of the reasons why the Great Depression was so severe is that

• A) stock prices increased during the Great Depression.
• B) the U.S.government increased taxes.
• C) the U.S.government allowed the money supply to increase.
• D) the unemployment rate decreased.
• E) expected income increased.

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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.