The Republic of Madagascar Is the Home of 5 Percent

question 33

True/False

The Republic of Madagascar is the home of 5 percent of the world's plant and animal species, of which 80 percent are unique to Madagascar.

---

Definitions:

Manufacturing Overhead Application Rate

A rate used to allocate manufacturing overhead costs to products based on a predetermined activity base, such as labor hours or machine hours.

Direct Labor Dollars

The cost of labor that can be directly attributed to the production of goods or services.

Indirect Labor

The wages of employees who are not directly involved in producing goods but support the production process, such as maintenance staff and supervisors.

Cost of Production

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.