What Is One of the Advantages of Food That Has

question 53

Multiple Choice

What is one of the advantages of food that has been irradiated to kill bacteria?

• A)Some irradiated foods do not require refrigeration if in air-tight packaging.
• B)Irradiation is a less expensive method of preservation than is canning.
• C)Irradiation has the effect of changing the color from dull colors to vibrant colors which makes the food much more pleasing.
• D)All of these responses are correct.

Recognize the role of manufacturing overhead in product costing.

Understand the concept of opportunity costs and its relevance in a manufacturing context.

Understand the concept of the relevant range and its application to cost behavior.

Differentiate between variable, fixed, and mixed costs, including their behaviors in response to changes in activity levels.

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Definitions:

Capital Balances

Refers to the amount of capital reported on the balance sheet, including funds contributed by owners or shareholders plus retained earnings.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties.

Profits and Losses

It refers to the financial result of a company's operations, indicating the difference between its revenues and expenses.