Refer to the Following Choices to Answer the Questions Below

question 95

Multiple Choice

Refer to the following choices to answer the questions below. Chose the answer that best describes the chemical composition of the object.
-Mercury's core

• A)nickel and iron
• B)80 percent nitrogen, 20 percent oxygen
• C)95 percent carbon dioxide
• D)mostly hydrogen and helium
• E)frozen methane, ammonia, water, and other gases and dust

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (direct and indirect) in the cost of a product.

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold.

Operating Income

Earnings from a company's primary business activities, excluding revenues and expenses from investments or other non-operational sources.

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.