The Concept of Evolution Is Based on

question 38

Multiple Choice

The concept of evolution is based on

• A) parents with variations that pass these variations on to their offspring.
• B) all genetic variation in a population being equally successful in the same environment.
• C) any type of genetic variation within a population.
• D) survival and successful reproduction in organisms with favorable variations.

---

Definitions:

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) divided by the number of units produced.

Variable Costing

A costing method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in the cost of a product.

Unit Product Cost

The total cost assigned to a single unit of product, including direct materials, direct labor, and allocated overhead.

Absorption Costing

An approach in financial accounting that wraps all expenses incurred in manufacturing including direct materials, direct labor, and all overhead (variable and fixed), into the product's cost.