According to C

question 84

Multiple Choice

According to C. Wright Mills, a small and unified group of people occupy the highest positions of the major economic, political, and military institutions and exercise tremendous influence in American social life. What does he call this group?

• A) the power elite
• B) a variety of organizations and institutions that represent different interest groups
• C) political action committees that raise money and advocate on behalf of their donors
• D) the media

---

Definitions:

Indirect Manufacturing Costs

These are costs that cannot be directly traced to specific units produced, such as maintenance and cleaning, and are part of the manufacturing overhead.

Incremental Manufacturing Cost

Refers to the additional cost incurred for producing one more unit of a product.

Contribution Margin

The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much revenue is available to cover fixed costs and generate profit.

Direct Manufacturing Cost

The sum of all the costs directly associated with the production of a good, including raw materials and direct labor.