The Term Encomienda Refers to

question 42

Multiple Choice

The term encomienda refers to

• A)a Spanish system devised to collect tribute from natives and to use their labor.
• B)Spanish officials who supervised local industries.
• C)taxes levied on the colonists by the Spanish government.
• D)special Jesuit missionaries assigned to posts in the New World.
• E)mission schools set up to educate the Indians.

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Definitions:

Manufacturing Overhead

All the indirect costs associated with producing a product, which may include the cost of utilities, depreciation of manufacturing equipment, and salaries of managerial staff.

Conversion Cost

The combined costs of direct labor and manufacturing overheads that are incurred in the process of converting raw materials into finished goods.

Manufacturing Overhead

Indirect factory-related costs that are incurred when a product is manufactured, including costs like rent, utilities, and maintenance of equipment.

Selling and Administrative Expenses

These are indirect costs that are not directly tied to the production of goods or services, including sales personnel salaries, advertising, and office rent.