Choose the Word or Phrase in [ ] Which Will

question 110

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-In the year after the Credit Card Act of 2009 was passed,there was a(n)[increase | decrease] in the use of debit cards relative to credit cards.

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Definitions:

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, such as rent and utilities.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead costs by total direct labor hours or machine hours, applied uniformly across all products.

Manufacturing Overhead

The indirect factory-related costs that are incurred when a product is manufactured including costs related to depreciation, utilities, and maintenance.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total manufacturing overhead costs by the total measure of activity across the entire plant.