Solve the Problem $\$ 320$ Per Year
B) $\$ 610$ Per Year
C)

question 468

Multiple Choice

Solve the problem.
-Along with incomes, peopleʹs charitable contributions have steadily increased over the past few years. The table below shows the average deduction for charitable contributions reported on
Individual income tax returns over 6 years. Find the average rate of change per year between year
3 and year 5.

• A) \(\$ 320\) per year
• B) \(\$ 610\) per year
• C) \(\$ 305\) per year
• D) \(\$ 355\) per year

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Definitions:

Output

The quantity of goods or services produced in a given time period by a company, industry, or country.

Job Order Cost System

An accounting system that accumulates manufacturing costs separately for each order, suitable for businesses producing customized products or offering specialized services.

Process Cost System

A method of accounting used in manufacturing where costs are assigned to products based on the process they go through in production, suitable for industries where products are indistinguishable from each other.

Process Costing

A method of costing used in industries where production is continuous, assigning costs to units of output based on the process they undergo.