Explain the Demographic Shift That Has Occurred in the Population

question 7

Essay

Explain the demographic shift that has occurred in the population over the past 100 years. Provide at least three factors that help account for the demographic shift. What is the prediction for the future demographic pattern?

---

Definitions:

Cost Object

Anything for which cost data are desired. Examples of cost objects are products, customers, geographic regions, and parts of the organization such as departments or divisions.

Indirect Cost

Costs that are not directly traceable to a specific product, project, or activity, such as utilities, rent, and administrative expenses.

Direct Cost

A cost that can be easily and conveniently traced to a specified cost object.

Prime Cost

Direct materials cost plus direct labor cost.