IS Graph 2

question 2

Multiple Choice

IS Graph 2
-On the graph above,if the U.S.economy is at point B in 2009,then the economy in 2010 is best represented by point ________.

• A)A
• B)B
• C)C
• D)D
• E)any of the labeled points is as good as the others

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Definitions:

Job Cost Sheet

A document used to record the costs associated with a specific job or project, tracking materials, labor, and overhead.

Unit Cost

The cost incurred to produce, store, or acquire one unit of a product or service.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material and labor expenses.

Time Ticket

A document that indicates the employee, the hours worked, the account and job to be charged, and the total labor cost.