Confucius Thought That the Basis for a Good Society Was

question 34

Multiple Choice

Confucius thought that the basis for a good society was _____.

• A) political harmony and consensus
• B) attention to the needs of the many
• C) widespread practice of good customs
• D) good laws

Develop an understanding of how job-order costing systems compute manufacturing overhead and apply it to jobs.

Gain insights into the preparation of income statements under a job-order costing system and the impact of cost of unused capacity.

Understand the concept of basing predetermined overhead rates on activity at capacity versus estimated activity for the year.

Understand the classification of costs as direct or indirect and how it can change based on the cost object.

---

Definitions:

Specialty Products

Goods or services that have unique characteristics and are sought after by consumers willing to make a special effort to obtain them.

Convenience Products

Items that consumers purchase frequently and with minimal effort, such as household goods or snacks.

Shopping Products

Goods that consumers purchase after comparing quality, price, and style from multiple sellers.

Specialty Products

High-value products or services that are targeted towards a niche market, often characterized by high customer loyalty.