Figure 51.3 -From Figure 51.3 What Can We Determine About the Location

question 21

Multiple Choice

Figure 51.3
-From Figure 51.3 what can we determine about the location of the food source?

• A)The waggle dance in the top figure indicates that the food is directly under the hive.
• B)The waggle dance in the bottom figure indicates that the food is to the west of the hive.
• C)The waggle dance in the top figure indicates that the food is close to the hive.
• D)The waggle dance in the bottom figure indicates that the food is 90 degrees to the right of the Sun.
• E)The vigor of the waggle dance indicates the location of the food relative to the Sun.

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Definitions:

Period Cost

Expenses on the income statement that are not directly tied to the production of goods, including sales, administration, and other overhead costs.

Opportunity Cost

The cost of foregone alternatives, representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Conversion Costs

Expenses incurred in the process of converting raw materials into finished goods, including labor and manufacturing overhead.

Direct Materials

Materials that become an integral part of a finished product and whose costs can be conveniently traced to it.