Examlex
The Shannon index of species diversity is calculated using this equation: Habitat A has a total of 100 birds, with the following numbers of individuals per species: 20, 25, 20, 15, and 20.Habitat B also has 100 birds, with the following numbers of individuals per species: 80, 5, 5, 5, and 5.What is the Shannon index for habitat A?
Variable Costing
A technique in accounting that encompasses only costs that vary with production (including direct materials, direct labor, and variable manufacturing overhead) in the pricing of products.
Period Cost
Expenses that are not directly tied to the production of goods and are instead associated with time periods, such as administrative salaries.
Variable Costing
A method of cost accounting where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.
Unit Product Cost
The total cost associated with producing a single unit of a product, calculated by dividing the total production costs by the number of units produced.
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