Why Are Igneous Rocks That Consist of Coarse-Grained Crystals Called

question 62

Multiple Choice

Why are igneous rocks that consist of coarse-grained crystals called phaneritic?

• A) Phaneritic comes from the Greek word aphaneros, meaning invisible.
• B) They form deep within the ocean.
• C) Phaneritic comes from the Greek word phaneros, meaning visible.
• D) They are porphyritic rocks.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs, contributing towards covering fixed costs and generating profit.

Variable Factory Overhead

Costs that vary with the volume of production and include expenses such as indirect materials and utilities.

Absorption Costing

An accounting method that includes all direct costs and overhead expenses related to the production of a product in its cost base.

Variable Costing Income Statement

A financial statement format that only includes variable costs as product costs, with fixed manufacturing overhead treated as a period expense.