Corresponding to the Practice of Price Discrimination, Williams College Offers

question 113

Multiple Choice

Corresponding to the practice of price discrimination, Williams College offers different levels of financial aid to students based on students':

• A) age.
• B) family income.
• C) high school GPA.
• D) ACT/SAT scores.

---

Definitions:

Job Cost Accuracy

The precision with which a company estimates and tracks the costs associated with specific jobs or projects.

Overhead Cost Driver

A factor that causes the cost of overheads to change, such as machine hours or labor hours.

Predetermined Overhead Rate

A rate estimated before a period begins, used to allocate overhead costs to products or job orders based on a chosen activity base.

Allocation Base

A measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects.