All differences between super-variable costing and absorption costing are explained by: a. the accounting for direct materials and manufacturing overhead costs. b. the accounting for direct labor and direct materials. c. the accounting for direct labor and manufacturing overhead costs. d. the accounting for manufacturing overhead costs.

D. the accounting for manufacturing overhead costs.

Explanation:

Unver variable cost are treated as period expenses, which means they are not capitalize on inventory, overhead expenses are expenses in their full amount.

While underabsorption costing it is captialized, which means unit cost are higher, increasing inventory account and decreasing the expenses of the period when the production is higher than sales which is usually common situation.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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