Parents May Find It Helpful to Keep a Journal of When

question 1

Multiple Choice

Parents may find it helpful to keep a journal of when their child starts to babble. If a child doesn't begin to produce babbling sounds by _________, the child could be at risk for language-related disorders.​

• A) ​6 months
• B) ​10 months
• C) ​4 months
• D) ​8 months

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Definitions:

Absorption Costing

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

Variable Costing

An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold, treating fixed manufacturing overhead as an expense of the period in which it is incurred.

LIFO Inventory

A method of inventory valuation that assumes the last items placed in inventory are the first sold (Last In, First Out).

Absorption Costing

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