What Is an Asterism

question 26

Multiple Choice

What is an asterism?

• A) A legend or folklore association to a grouping of stars
• B) Less formally defined group of stars outside the official 88 constellations
• C) The council of astronomers who defined the 88 constellations
• D) The northern pivot point of the celestial sphere
• E) Constellations close enough to a celestial pole that they do not appear to rise from the east and set in the west

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Definitions:

Variable Costing

An accounting method that only considers variable costs (costs that vary with the level of output) when calculating the cost of goods sold and production.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a unit of product.

Net Operating Income

Represents the difference between operating revenues and operating expenses.

Common Fixed Expenses

Expenses that do not vary with the level of production or sales, shared among different business segments or products.