The Reason Leap Years Have an Extra Day Is to Account

question 226

Multiple Choice

The reason leap years have an extra day is to account for the fact that:

• A) Earth's rotation period is slowly increasing because of tidal effects.
• B) the year is not exactly equal to an integral number of days.
• C) the day is not exactly 24 hours because of Earth's periodically varying rotation period.
• D) the length of the year varies with a period of 4 years because of precession.

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Definitions:

Equivalent Unit

A measure used in cost accounting to express the amount of work done on a product in terms of fully finished units.

Process Costing

A costing method used where similar goods are mass-produced, and it involves accumulating production costs and assigning them to products.

Conversion Costs

The expenses associated with transforming raw materials into completed goods, encompassing direct labor and manufacturing overhead costs.

Curing Department

The Curing Department is a section within manufacturing where products undergo a process to achieve desired properties, such as hardening or drying.