Maria Had to Take an Aptitude Test Before Starting Graduate

question 68

Multiple Choice

Maria had to take an aptitude test before starting graduate school. In this scenario, the criterion variable will be Maria's _____.

• A)appearance and personality
• B)expected ability to get along with her fellow students
• C)score on the aptitude test
• D)expected performance as a student in graduate school

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Definitions:

Absorption Costing

A technique in accounting where all costs incurred from manufacturing, like direct materials, direct labor, and both kinds of manufacturing overhead (variable and fixed), are factored into the product's pricing.

Unit Product Cost

The total cost incurred to produce, bundle, and ready one unit for sale, including both direct and allocated overhead costs.

Absorption Costing

An accounting method that includes all direct costs and allocated indirect costs (both fixed and variable) in the cost of a product.

Variable Costing

An accounting method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold and excludes fixed manufacturing overhead.