Which of the Following Bases Would Probably Be in Use

question 22

Multiple Choice

Which of the following bases would probably be in use if a researcher were examining population size, age structure, urbanization degree, and ethnic
Composition?

• A) psychographics.
• B) socioeconomic variables.
• C) culture.
• D) political conditions.
• E) demographics.

---

Definitions:

Conversion Costs

The sum of labor costs and manufacturing overhead costs required to convert raw materials into finished products.

Factory Overhead

Indirect manufacturing costs that cannot be directly attributed to specific units produced, such as maintenance, utilities, and salaried personnel expenses.

Direct Labor

The expenditure on the pay of staff who are directly participating in the creation of products or services.

Factory Overhead Cost

Expenses related to the production process that are not directly tied to a specific product, including costs for utilities, maintenance, and factory equipment depreciation.