The Meridian Is Defined as a Great Circle on the Sky

question 52

Multiple Choice

The meridian is defined as a great circle on the sky on which lie the

• A) celestial equator and vernal equinox.
• B) north and south celestial poles.
• C) zenith and the north and south celestial poles.
• D) zenith and east and west directions.

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Definitions:

Denominator Level

A term used in cost accounting to represent the base level or quantity used in calculating rates, such as in the determination of overhead rates or per-unit costs.

Fixed Overhead

Regular, consistent costs incurred by a business that are not affected by the level of goods or services produced, such as rent and salaries.

Budget Variance

The difference between the budgeted or planned amount of expenses or revenues, and the actual amount incurred or earned.

Predetermined Overhead Rate

A rate calculated before the period begins, used to allocate manufacturing overhead to products based on a specific activity base.