Which of the Following Provides One Explanation for Why the Federal

question 57

Multiple Choice

Which of the following provides one explanation for why the federal government has been involved in education?

• A)The federal government has responded to criticisms of U.S.educational performance.
• B)The federal government has left all educational matters to the states.
• C)The federal government has left all educational matters to the local governments.
• D)Private schools now outnumber public schools in the United States.
• E)U.S.student performance in math and science now exceeds nearly every other developed nation.

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Definitions:

Direct Labor Costs

Expenses directly associated with the labor used in the production of goods or services, including wages and benefits for manufacturing or service employees.

Predetermined Overhead Rate

This is a rate used to apply manufacturing overhead to products or job orders and is established in advance based on estimated costs and activity levels.

Raw Materials Inventory

The total cost of all the materials that are used to make a product but have not yet been used in the manufacturing process.

Predetermined Overhead Rate

A rate calculated at the beginning of a period for assigning overhead cost to products or activities, based on estimated costs and activity levels.