The Use of Realistic Predetermined Unit Costs to Facilitate Product

question 32

Multiple Choice

The use of realistic predetermined unit costs to facilitate product costing,cost control,cost flow,and inventory valuation is a description of the

• A)flexible budget concept.
• B)budgetary control concept.
• C)capacity level concept.
• D)standard cost accounting concept.

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Definitions:

U.S. Shrimp Trawling

U.S. shrimp trawling refers to the fishing method in the United States that involves dragging a trawl net through the water, primarily on the ocean floor, to catch shrimp, often criticized for its environmental impact.

Turtle Exclusion Devices

Devices used in fishing equipment to prevent sea turtles from getting caught in nets, thereby reducing turtle mortality in fisheries.

Long Lining

A commercial fishing technique that uses a long line, often kilometers in length, with baited hooks spaced at intervals to catch fish or other marine animals.

Cetaceans

A group of marine mammals that includes whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle.