Marianne and Laura Are Both Homemakers with Children

question 42

Multiple Choice

Marianne and Laura are both homemakers with children.When Laura starts to work as an unpaid volunteer at a hospital,she hires Marianne to care for her young child.In this context,the gross domestic product (GDP) will _____.

• A)increase
• B)decrease
• C)remain unaffected
• D)increase if Marianne cares for the child better than Laura
• E)increase if Laura treats patients with more sincerity than the other volunteers

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Definitions:

Job-Order Costing

An accounting practice that tracks the costs associated with a specific job or batch of goods, capturing direct labor, materials, and overhead.

Predetermined Overhead Rate

A rate calculated at the start of an accounting period to allocate overhead costs to products or services produced.

Machine-Hours

The total time that machinery is operating and engaged in production activities during a specified period.

Job T687

A specific job or project identifier used within a job costing system to track costs and progress.