Industrialization Led to

question 127

Multiple Choice

Industrialization led to

• A)the emergence of large cities.
• B)family-centered societies.
• C)development of hand tools.
• D)social interaction in primary group relationships.

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Definitions:

Activity Rate

A measure used in cost accounting to assign overhead costs to products or services, based on the amount of activity (such as machine hours or labor hours) consumed.

Activity Cost Pool

A categorization in cost accounting that aggregates costs incurred for a specific activity, aiding in more accurate product or service costing.

Product Development

The creation of new products or improvements to existing products to meet customer needs or market opportunities.

Activity Rate

The predetermined overhead rate used in activity-based costing to allocate overhead costs to cost objects based on their usage of activities.