Managers Try to Use a Variation of ________ Costs;and,they Use

question 124

Multiple Choice

Managers try to use a variation of ________ costs;and,they use budgeted rates to assign ________ costs.

• A)normal;direct
• B)abnormal;indirect
• C)periodic;indirect
• D)frequent;variable
• E)normal;indirect

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Definitions:

Equilibrium

The condition that exists in a market when the plans of buyers match those of sellers, so quantity demanded equals quantity supplied and the market clears

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing to purchase at a given price level during a certain time period.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Pesticides Cost

The economic expenses associated with the purchase and application of chemical substances used to kill or control pests that threaten agricultural production or health.