Use the Chart Below to Answer the Following Questions Regarding

question 1

Multiple Choice

Use the chart below to answer the following questions regarding flow chart symbols.

-Which symbol would be used in a flowchart to indicate a wireless connection between a laptop and the mainframe?

• A)#13
• B)#12
• C)#11
• D)#14

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Definitions:

Absorption Costing

A method of product costing that includes all manufacturing costs, both fixed and variable, in the cost of a product.

Contribution Margin

The amount remaining after variable costs have been subtracted from revenue, which contributes to covering fixed costs and generating profit.

South Business Segment

A term possibly referring to a division or part of a company that operates in the southern region, focusing on geographical business segmentation.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads in the cost of a product.