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Consider the equilibrium:
Predict and explain how or whether the following actions would affect this equilibrium.
a.adding more solid A
b.lowering the temperature
c.increasing the pressure on the system by reducing its volume
d.adding helium gas to increase the total pressure
Absorption Costing
An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
Excess Capacity
The amount by which the actual production of a company exceeds its planned production capacity.
Variable Production Costs
Expenses that change in direct proportion to the level of production output.
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