Match Each of the Following Descriptions with the Appropriate Costing

question 76

Short Answer

Match each of the following descriptions with the appropriate costing concept (a-c).
-Operating income impacted by changes in inventory level
A)Absorption costing only
B)Variable costing only
C)Both absorption and variable costing

• A)Absorption costing only
• B)Variable costing only
• C)Both absorption and variable costing

Explain the role of schemas in cognitive development according to Piaget.

Identify and differentiate between the sensorimotor sub-stages and their characteristics.

Explain the processes of primary and secondary circular reactions in the sensorimotor stage.

Understand the cognitive shift from sensorimotor to preoperational stages in child development.

---

Definitions:

Decision Variables

The variables in a mathematical model that decision makers will seek to determine or control.

Optimal Values

The most favorable or efficient values that lead to the best outcome in a given situation or model.

Fabrication Labor Constraint

A limitation in the manufacturing process related to the amount of labor available for fabricating products.

Right-hand Sides

In linear programming, these are the values on the right side of the equation, representing the constraints or limits of the resources.