Mounce Catering Service Uses an Activity-Based Costing System

question 115

Multiple Choice

Mounce Catering Service uses an activity-based costing system.What would be the most appropriate cost driver for the activity of preparing meals?

• A)Number of meals prepared
• B)Number of orders taken
• C)Number of rolls used
• D)Rent on building

Evaluate the influence of immigration on national population sizes.

Understand the reasons behind variations in teenage pregnancy rates across countries.

Recognize indicators of health and demographic transitions in different contexts.

Understand the stages and characteristics of the demographic transition model.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Explicit Costs

Input costs that require an outlay of money by the firm

Long-Run Equilibrium

A state where all factors of production and costs are variable, allowing firms to make adjustments leading to the ideal output level.

Profit-Maximizing

A strategic approach in which a firm determines the best output level and pricing to achieve the highest possible profit.