Which of the Following Is True

question 15

Multiple Choice

Which of the following is true?

• A) All fatty acids have an even number of carbons
• B) Most fatty acids have an odd number of carbons
• C) Fatty acids are equally likely to have an even number of carbons as they are an odd number
• D) Fatty acids with an odd number of carbons are more rare than those with an even number
• E) none of these

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Definitions:

Activity Cost Drivers

Factors that influence the costs of business activities, often used in activity-based costing to allocate costs more accurately.

ABC Costing System

Activity Based Costing system; a method of cost accounting that identifies and assigns costs to specific activities involved in the production process to better understand overhead costs.

Plantwide Overhead Rate

A single overhead absorption rate used throughout an entire plant or company to allocate indirect costs to products.

Overhead Rate Methods

Different methodologies used to allocate overhead costs to products or services based on criteria such as direct labor hours, machine hours, or direct material costs.