Two Identical Blocks of Iron,one at 10 Degrees C and the Other

question 22

Multiple Choice

Two identical blocks of iron,one at 10 degrees C and the other at 20 degrees C,are put in contact.Suppose the cooler block cools to 5 degrees C and the warmer block warms to 25 degrees C.This would violate the

• A)1st law of thermodynamics.
• B)2nd law of thermodynamics.
• C)both of these
• D)neither of these

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Definitions:

Product Costs

All costs that are involved in acquiring or making a product. In the case of manufactured goods, these costs consist of direct materials, direct labor, and manufacturing overhead. Also see Inventoriable costs.

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in unit product costs.

Manufacturing Costs

The total expense involved in the manufacture of a product, including direct materials, direct labor, and manufacturing overhead.

Product Costs

Costs that are directly attributable to the creation of products including direct labor, direct materials, and manufacturing overhead.