When comparing Net Income calculated under the Absorption Costing Method to the Variable Costing Method, you will notice the multi-year effect is that while Net Income is different each year, when you add all of the years under both methods,  they will equal.

A department worked on 1,000 units during the month.  At the end of the month 500 units were completed, the other 500 units were 50% complete.  When we are applying the conversion costs in that department for that month we need to allocate that expense over how many EQUIVALENT Units (Don’t Forget the ones completed in your calculation!!) 

Individuals whose labor contributions to the production process are part of production but indirectly will be tracked under manufacturing overhead.  

Why has the number of interest groups gone up dramatically in the past 50 years?

An example of a _____ is a life insurance discount given by the AARP.

An example of _____ is when the NRA (an interest group) encourages its members to write letters to their representatives in Congress.

Why do lobbying firms often hire former members of Congress?

One of the most effective ways that labor unions overcome the free rider problem is through

The free rider problem is a problem with the provision of ________ goods.

In general, interest groups have an easier time working to implement a new change than trying to prevent a change in the status quo.