According to the __________ Approach,__________ Policy May __________ the Instability

question 43

Multiple Choice

According to the __________ approach,__________ policy may __________ the instability of the economy.

• A)passive,automatic,increase
• B)passive,discretionary,increase
• C)passive,discretionary,decrease
• D)active,discretionary,increase
• E)active,automatic,decrease

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders, based on a predetermined formula.

Machine-Hours

A measure of the time a machine is run during production, used to allocate manufacturing overhead costs based on machine usage.

Markup

A pricing strategy where a fixed amount or percentage is added to the cost of a product to determine its selling price.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to produced goods, based on estimated costs and activity levels.