Place the Steps of the Scientific Method in the Correct

question 3

Essay

Place the Steps of the Scientific Method in the correct order.
• Form an educated guess (hypothesis) of the cause of the problem and make predictions based on the hypothesis.
• Check and interpret results.
• Name the problem or question.
• Report results to the scientific community.
• Test hypothesis by doing an experiment or study (with proper controls).

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Definitions:

Absorption Costing

A costing method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific product, service, or department.

Segment Margin

The amount of profit or loss generated by a specific segment of a business, considering only the revenues and expenses directly attributable to that segment.