Select the Appropriate Classification for Each of the Costs Incurred

question 3

Multiple Choice

Select the appropriate classification for each of the costs incurred by a manufacturer of automobiles.
-cost of tires

• A)direct materials
• B)direct labor
• C)overhead
• D)selling expense
• E)administrative expense

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Definitions:

Light-Independent Reactions

The series of biochemical reactions in photosynthesis that do not require light to proceed, occurring in the stroma of chloroplasts to synthesize glucose.

Photorespiration

Inefficient sugar-production pathway initiated when rubisco attaches oxygen instead of carbon dioxide to RuBP (ribulose bisphosphate).

Carbon Fixation

Process by which carbon from an inorganic source such as carbon dioxide is incorporated (fixed) into an organic molecule.

Calvin-Benson Cycle

A series of biochemical reactions taking place in the stroma of chloroplasts in photosynthetic organisms, pivotal in converting carbon dioxide into glucose.