Which of the Following Statements About U

question 197

Multiple Choice

Which of the following statements about U.S. consumer households is true?

• A) About 2 out of every 3 marriages ends in divorce--and at any given time only about 40 percent of all adults are married.
• B) More than half of all U.S. households consist of married couples with no children 18 or younger living at home.
• C) Single-adults account for nearly 40 percent of all households.
• D) Americans are marrying younger, but delaying child bearing compared to the older generation.
• E) None of the above is true.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate the costs.

Direct Labor-Hours

It measures the total hours worked by employees directly involved in manufacturing a product.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.

Activity Rates

Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.