Which of the Following Statements Is Not a Reason Why

question 93

Multiple Choice

Which of the following statements is not a reason why the Constitution was ratified in 1788?

• A) Supporters of the Constitution had much more recognizable leaders.
• B) Alexander Hamilton and James Madison made spirited arguments in favor of the Constitution.
• C) A Bill of Rights was added in 1787 to persuade opponents of the Constitution to accept it.
• D) Supporters of the Constitution were much better organized.
• E) Most newspapers favored ratification of the Constitution.

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Definitions:

Variable Costing

An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Fixed Manufacturing Overhead

The portion of manufacturing costs that do not vary with the level of production, such as salaries of supervisors and rent for factory buildings.

Variable Costing

A costing method that includes only variable production costs in the cost of goods sold, excluding fixed manufacturing overhead.

Absorption Costing

A method of product costing that captures all costs associated with manufacturing a product, including overhead expenses.