Match the Following Terms with Their Descriptions Below

question 43

Multiple Choice

Match the following terms with their descriptions below. (Terms may be used more than once.)
-Also called the proprietary name

• A)chemical name
• B)trade name
• C)generic name
• D)official name
• E)OTC name

---

Definitions:

Direct Labor Costs

The compensation provided to employees who are directly engaged in manufacturing goods or delivering services.

Total Overhead

The sum of all indirect costs incurred by a company, including administrative expenses, depreciation, and utilities.

Factory Wages Payable

An account that represents the amount of wages owed to factory workers for work performed that has not yet been paid.

Factory Payroll

The total compensation, including wages, salaries, and benefits, paid to employees working within a manufacturing facility.