Which One the Following Four Basic Economic Units Consistently Represents

question 66

Multiple Choice

Which one the following four basic economic units consistently represents a savings surplus unit?

• A)foreigners
• B)business firms
• C)financial intermediaries
• D)governments
• E)none of the above None of the above clone of prior item.

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Definitions:

Predetermined Overhead Rate

A rate estimated before the accounting period begins, used to allocate manufacturing overhead to products or job orders.

Factory Overhead

The indirect manufacturing costs not directly tied to the production of a specific product, such as electricity for the manufacturing plant.

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.

Cost Accounting Systems

Methods and procedures used by businesses to track, record, and analyze costs associated with their operations.