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What Is Reasoning? What Do We Do When We Reason

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What is reasoning? What do we do when we reason? Give examples and explain in your own words.


Definitions:

Variable Manufacturing Overhead

Costs of manufacturing that fluctuate with the level of production output, such as utility costs directly tied to machine operation.

Machine-Hours

A gauge for the level of production or activity, calculated through the duration machines are in use.

Manufacturing Overhead

Indirect costs related to manufacturing that are not directly tied to specific units produced, such as maintenance and utilities.

Machine-Hours

A unit of measure representing the operation of one machine for one hour, used in allocating manufacturing costs.

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