Briefly Discuss the Three Major Patterns of Agriculture in the Region

question 11

Essay

Briefly discuss the three major patterns of agriculture in the region (Swidden in the Uplands, Plantation Agriculture and Rice in the Lowlands).

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Definitions:

Fixed Manufacturing Overhead

Costs that remain constant in total regardless of the level of production, such as salaries and rent for factory buildings.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or services, calculated before the accounting period begins based on estimated costs.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production or sales, including expenses like rent, salaries, and utilities.

Absorption Costing

An accounting approach that includes all manufacturing costs (both variable and fixed) in the cost of a product, used for external reporting.