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Imagine that two men and two women settle on an uninhabited island, no new settlers arrive, and nobody leaves the island for many generations. All four of the settlers have brown eyes, but one of the men carries a recessive gene for blue eyes. Eye color has no effect on fitness. If the percentage of blue- eyed individuals on the island increases from 0% to 25%, what is the probable cause?
Factory Overhead Applied
The allocation of estimated factory overhead costs to individual units of production.
Depreciation Expenses
The systematic allocation of the depreciable amount of an asset over its useful life to account for wear and tear, obsolescence, or decay.
Equivalent Units
A concept in cost accounting used to express the amount of work done by incomplete units in terms of fully completed units.
Average Cost Method
An inventory costing method that determines the cost of goods sold and ending inventory based on the average cost of all similar items available during the period.
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