Asked by
Beulah Ebiai
on Nov 12, 2024Verified
President's salary
A) Direct labor
B) Direct materials
C) Factory overhead
D) Not a product cost
President's Salary
The compensation awarded to the president of a company or organization, comprising base salary and potentially bonuses or other earnings.
Direct Labor
The wages paid to workers directly involved in the manufacturing or production of goods or services.
Not a Product Cost
Refers to expenses not directly associated with the production of goods, such as selling and administrative expenses.
- Acknowledge the variations between assorted cost types and their divisions (direct material, direct labor, factory overhead).
- Determine the function and oversight of period costs in a business entity.
Verified Answer
MV
Learning Objectives
- Acknowledge the variations between assorted cost types and their divisions (direct material, direct labor, factory overhead).
- Determine the function and oversight of period costs in a business entity.