The Fact That Almost All of the Small Electronics Used

question 15

Multiple Choice

The fact that almost all of the small electronics used in the United States are made in Asia is an illustration of

• A) the Industrial Revolution.
• B) globalization.
• C) the rise of cybernetics.
• D) collective resistance.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both direct and indirect, in the cost of a product.

Throughput Costing

An accounting method emphasizing the costs directly associated with producing goods, excluding indirect costs like manufacturing overhead.

Variable Costing

A costing method in which variable manufacturing costs are treated as product costs while fixed manufacturing overheads are treated as period costs.

Predetermined Overhead Rate

A calculated rate used in cost accounting to allocate overhead costs to products or services, based on estimated overhead costs and activity levels.