Not Including Their Many Benefits, How Much Does the Average

question 55

Multiple Choice

Not including their many benefits, how much does the average congressperson make each year for his or her congressional service?

• A) $50,000
• B) $86,000
• C) $111,000
• D) $174,000
• E) $235,000

---

Definitions:

Machine-Hours

A measure of the amount of time a machine is operated, used in cost accounting to allocate machine-related expenses to products.

Multiple Overhead Rate

A costing method that uses more than one overhead rate to allocate indirect costs to products more accurately.

Plantwide Overhead Rate

A single overhead rate calculated for an entire factory or plant, applied uniformly to all the production units, regardless of the department in which they were produced.

Labor-Intensive

Refers to a type of industry or process that requires a large amount of manpower to produce goods or services, as opposed to being highly automated.