________ ________ Is a Product Derived from the Brown Algae

question 20

Short Answer

________ ________ is a product derived from the brown algae that imparts a smooth texture in both foods like icings and puddings and in industrial products like paints and hand lotions.

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Definitions:

Variable Costing

An accounting method that only considers variable costs (costs that change with production volume) in product costing and in the calculation of net income.

Absorption Costing

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

Direct Labor Cost

The wages and related benefits paid to workers who are directly involved in the production of goods or services.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.