Which of the Following Was Not Among the Groups That

question 18

Multiple Choice

Which of the following was not among the groups that formed the solid political base of the Republican party in the late nineteenth century?

• A) Northern big cities
• B) Union Civil War veterans of the Grand Army of the Republic
• C) Southern black freedmen
• D) The Midwest
• E) The rural and small-town Northeast

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Definitions:

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) divided by the number of units produced.

Variable Costing

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

Unit Product Cost

The total cost assigned to a single unit of product, including direct materials, direct labor, and allocated overhead.

Absorption Costing

An approach in financial accounting that wraps all expenses incurred in manufacturing including direct materials, direct labor, and all overhead (variable and fixed), into the product's cost.