There Are Two High Tides and Two Low Tides in Each

question 75

Multiple Choice

There are two high tides and two low tides in each 25-hour period because

• A)Earth orbits around the Sun in a little over 24 hours.
• B)the Moon orbits Earth in 25 hours.
• C)Earth completes a full rotation every 24 hours but the Moon moves too.
• D)heating and cooling of the seas occurs twice each day.

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Definitions:

Factory Overhead Account

An account that aggregates all indirect manufacturing costs, such as utilities and maintenance, associated with producing goods in a factory.

Applied Overhead

The process of allocating estimated overhead costs to specific jobs or production units based on a predetermined rate or formula.

Incurred

Refers to costs or expenses that have been consumed, used, or sustained in conducting business activities.

Overapplied Overhead

A situation where the applied manufacturing overhead cost is more than the actual overhead cost incurred, resulting in a need for adjustment in accounting records.