State Money Is Distributed According to Many Formulas, but the Trend

question 91

Multiple Choice

State money is distributed according to many formulas, but the trend is toward

• A)equalization via spending equally across the board.
• B)equalization via spending on the poor.
• C)equalization via spending on minorities.
• D)hiring better-qualified teachers at higher rates to work in depressed areas.
• E)hiring lower-qualified teachers to save money.

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Definitions:

Fixed Manufacturing Overhead

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance of a manufacturing facility.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or job orders, based on estimated costs and activity levels.

Manufacturing Overhead

All manufacturing costs that are not directly attributable to a specific product, including indirect labor, maintenance, and utilities.

Machine-Hours

A measure of the total time machines are in operation during a given period, often used in cost accounting to allocate expenses based on machine usage.