The __________ Method of Allocating Costs Will Distribute the Costs

question 20

Multiple Choice

The __________ method of allocating costs will distribute the costs involved with overhead to the revenue-producing departments. The costs will be distributed to the individual revenue-generating departments based on a percentage of revenue or square footage.

• A) direct
• B) step-down allocation
• C) double distribution
• D) simultaneous equations

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Definitions:

Union President

The elected leader of a labor union, responsible for representing the interests of the union’s members and directing its activities.

Mediation

In mediation, a neutral third party called the mediator listens to and reviews the information presented by both sides and then makes an informed recommendation and provides advice to both parties about what she or he believes should be done.

Labor Contracts

Legal agreements between employers and workers (or their representatives) that outline terms of employment, wages, benefits, and conditions of work.

Negotiations

The process of discussing terms between parties with differing interests to reach a mutual agreement or compromise.