Explain What Rorty Means When He Says, "The Cash Value

question 98

Essay

Explain what Rorty means when he says, "The cash value of the Christian ideal of universal brotherhood has, for the last two centuries, been the conviction that once science and technology have produced enough wealth-and enlightened, unselfish political initiatives have redistributed it-there will be no one left who is incapable of tenderness."

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Definitions:

Volume Variance

The difference between planned production volumes and actual production volumes, and its effect on budgeted costs.

Variable Overhead

Costs that fluctuate with changes in production level or activity, such as utilities or materials, within the manufacturing overhead category.

Rate Variance

It is the difference between the actual rate paid for an item or service and the expected (standard or budgeted) rate, often used in budgeting and cost management.

Predetermined Overhead Rate

A rate calculated before a period begins, used to assign overhead costs to products or job orders based on a certain activity, such as machine hours or labor hours.