A Method Was Invented in the _____ for Spinning Vegetable

question 1

Multiple Choice

A method was invented in the _____ for spinning vegetable proteins into solution for manufacturing protein produ​cts from plant materials.

• A)1990s
• B)1970s
• C)1950s
• D)1940s

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Definitions:

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.

Absorption Costing

An approach to calculating costs that encompasses all expenses related to production, including direct materials, direct labor, and all manufacturing overheads, whether they are variable or fixed, within a product's cost.

Variable Costing

A cost accounting method that only allocates variable production costs to products, while fixed costs are treated as period expenses.

Net Income

The net earnings of a business once all costs, taxes, and expenses have been deducted from its total income.