All the Following Statements Are True

question 46

Multiple Choice

All the following statements are true.Which one explains why mean solar time differs from apparent solar time?

• A)The length of a solar day is not always exactly 24 hours.
• B)Earth's rotation period is actually about 23 hours 56 minutes,not 24 hours.
• C)Earth's axis precesses with a period of 26,000 years.
• D)The Sun reaches the meridian at different times at different longitudes within the same time zone.
• E)The path of the Sun through the sky depends on both latitude and date.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products or job orders, based on a chosen activity base such as direct labor hours.

Variable Component

A part of a cost or expense that varies directly with the level of output or activity.

Fixed Component

A cost that remains unchanged in total regardless of changes in the level of activity or output over a certain period.

Overapplied

This refers to the condition in which the allocated costs in an accounting system exceed the actual costs incurred, often in the context of overhead or indirect costs in manufacturing.