A Number of Benefits Are Payable Under No-Fault Plans

question 13

Multiple Choice

A number of benefits are payable under no-fault plans.Under one provision,benefits are paid for tasks normally performed by the insured,including such things as lawn care,housework,and home repairs.These tasks are called

• A)home health care services.
• B)hospice services.
• C)activities of daily living.
• D)essential services expenses.

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Definitions:

Manufacturing Overhead Applied

The allocation of manufacturing overhead costs to units of product based on a predetermined rate or base.

Overhead Applied

The allocation of indirect costs to produced goods or services based on predetermined rates.

Work in Process Inventory

Refers to the unfinished goods in a manufacturing process that are not yet completed but are in the stage of being turned into finished products.

Cost of Goods Sold

The direct costs attributed to the production of the goods sold by a company, including materials and labor.