The Restoration Colonies Were

question 51

Multiple Choice

The Restoration colonies were

• A)the smallest and least profitable colonies in New England.
• B)founded by political exiles who were driven out of the Puritan colonies.
• C)Rhode Island, Connecticut, Maine, and Vermont.
• D)founded by the Catholics.
• E)proprietary colonies founded by cavalier supporters of Charles II and James II.

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Definitions:

Unit Product Cost

The cost assigned to a single unit of product, combining direct materials, direct labor, and manufacturing overhead expenses.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate manufacturing overhead costs to individual products based on a common activity base.

Markup

The amount added to the cost price of goods to cover overhead and profit.

Manufacturing Cost

The total expense incurred in the process of producing goods, including materials, labor, and overhead.