Which of the Following Has Been One of the Most

question 97

Multiple Choice

Which of the following has been one of the most productive sectors of the U.S.economy through the 19th,20th and 21st centuries?

• A)Textiles
• B)Steamships
• C)Steel
• D)Agriculture

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Definitions:

Raw Materials

Fundamental materials in their raw, altered, or partially processed forms utilized as input for manufacturing.

Overhead Rate

A ratio used to allocate indirect costs to products or services, calculated by dividing total overhead costs by an allocation base, such as direct labor hours.

Direct Labor Cost

The total expense of employing workers who are directly involved in the production of goods, including wages and salaries.

Machine-hours

A measure of the total run time of machines in the manufacturing process, often used for costing purposes.