​Alice Is a Single Taxpayer with No Dependents That Has

question 37

True/False

​Alice is a single taxpayer with no dependents that has AGI of $9,000 in 2015. Alice is required to carry minimum essential coverage in 2015.

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Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and considered a variable cost.

Direct Labour

The labor costs that are directly attributable to the production of goods or services.

Manufacturing Overhead

Manufacturing overhead encompasses all indirect costs associated with the production process, such as utilities, maintenance, and factory supervisor salaries, not including direct materials or labor.

Direct Cost

A cost that can be directly traced to the production of specific goods or services, such as raw materials and labor.