The Movement in U

question 114

Multiple Choice

The movement in U.S.population from the farms to urban areas was caused primarily by

• A)each member of a farm family specializing in a particular set of tasks
• B)a sharp increase in farm productivity
• C)a decline in the demand for labor in urban areas
• D)a sharp decline in the demand for agricultural products
• E)increased education among married women

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Definitions:

Job-Order Costing

An accounting method that accumulates and assigns costs to specific jobs or batches of products.

Process Costing

A costing method used for production processes that consistently produces similar products, assigning costs to units of product based on the process they undergo.

Aluminum Refiner

A facility or process where bauxite ore is refined into aluminum, which is then used in a wide range of products and applications.

Weighted-Average Method

An inventory costing method where costs for inventory items are averaged over the period to calculate the cost of ending inventory and cost of goods sold.