The Only Two States That Do Not Automatically Award All

question 24

Multiple Choice

The only two states that do not automatically award all of their electoral votes to one presidential candidate are Maine and

• A)Florida.
• B)Nebraska.
• C)Pennsylvania.
• D)Ohio.
• E)California.

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Definitions:

Variable Costing

An accounting strategy that only accounts for variable production expenditures (direct materials, direct labor, and variable manufacturing overhead) in product pricing.

Unit Product Cost

The total cost (both direct and indirect) to produce a single unit of product, often used to set selling prices and assess profitability.

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a product.

Variable Costing

A costing method that includes only variable production costs (direct material, direct labor, and variable manufacturing overhead) in product costs.