An Experiment You Have Been Conducting Uses a Large Pond

question 6

Multiple Choice

An experiment you have been conducting uses a large pond to observe how the input from fertilizer runoff affects the native pond community.You find that many amphibians are not able to survive in this pond when the nitrogen levels are high.What could you do next to best test if nitrogen concentrations affect amphibians?

• A) Do a field experiment to exclude amphibians from the pond and see if they survive elsewhere
• B) Experimentally raise frogs in a controlled laboratory experiment where some are exposed to water from the pond at certain periods of time and others only raised in filtered water for the duration of the experiment.
• C) Find other ponds and input runoff to see if amphibians there cannot survive too
• D) Increase the runoff input at your pond and see if amphibian survivorship decreases

Understand and distinguish between absorption costing and variable costing methods.

Identify and calculate total period costs under both costing methods.

Calculate the unit product cost under both absorption and variable costing.

Determine the impact of production and sales levels on inventory valuation and income under both costing methods.

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Definitions:

Annual Overhead Costs

The total of all expenses that are not directly tied to the production of goods or services within one year.

Overhead Costs

Expenses required to run a business that are not directly related to the production of goods or services, such as rent, utilities, and administrative salaries.

Direct Labor Cost

The expense associated with the work performed by employees directly involved in the manufacturing process of products.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of goods, including costs related to indirect labor, materials, and facility.