The Ability of a Material to Attract Iron, Cobalt, or Nickel

question 66

Multiple Choice

The ability of a material to attract iron, cobalt, or nickel is called

• A) electromagnetism
• B) potential difference
• C) magnetism
• D) voltage

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Definitions:

Direct Labor-Hours

The total hours of work directly contributed by laborers to produce goods or services.

Manufacturing Overhead

The indirect costs involved in making a product, excluding direct materials and direct labor expenses.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, computed in advance for each period.

Traditional Costing

An accounting method that allocates overhead costs to products based on a single, volume-based cost driver, such as direct labor hours.