According to the Second Law of Thermodynamics, the Amount of Usable

question 70

Multiple Choice

According to the second law of thermodynamics, the amount of usable energy available to do work in the universe ____ over time.

• A) crashes
• B) decreases
• C) increases
• D) stays constant
• E) exponentially increases

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Definitions:

Total Period Cost

The entire sum of expenses incurred by a business during a specific period, including both fixed and variable costs.

Absorption Costing

An accounting method that includes all manufacturing costs (direct labor, materials, and overhead) in the cost of a product.

Variable Costing

A bookkeeping approach that incorporates just the variable costs of production such as direct materials, direct labor, and variable manufacturing overhead into the costs of products.

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) divided by the number of units produced.