In His Seventh of March Speech,Daniel Webster

question 34

Multiple Choice

In his Seventh of March speech,Daniel Webster

• A) attacked Henry Clay's compromise proposals.
• B) called for a new, more stringent fugitive-slave law.
• C) advocated a congressional ban on slavery in the territories.
• D) proposed a scheme for electing two presidents, one from the North and one from the South, each having veto power.
• E) became a hated figure in the South.

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Definitions:

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.

Absorption Costing

A costing method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.

Variable Costing

An accounting method that considers only variable costs in calculating the cost of goods sold and determines contribution margin.