The Collection of Cost Data in an Organized Way, Such

question 124

Multiple Choice

The collection of cost data in an organized way, such as in various categories such as materials, labor, and manufacturing overhead, is called:

• A) cost application
• B) cost accumulation
• C) cost assignment
• D) cost reporting

---

Definitions:

Southern Democrats

A faction within the Democratic Party in the 19th and 20th centuries, predominantly in the Southern United States, that supported states' rights and the maintenance of segregation and opposed civil rights reforms.

Strom Thurmond

A long-serving U.S. Senator from South Carolina known for his staunch support of racial segregation and opposition to civil rights legislation.

Joseph McCarthy

A U.S. Senator known for his anti-Communist activities in the early 1950s, leading to a period of heightened fears and political repression known as McCarthyism.

Anticommunist Crusade

Political and social movements, especially during the Cold War, aimed at combatting and eradicating communist ideologies and influences.