What Is the Proletariat

question 64

Multiple Choice

What is the proletariat?

• A)the aristocracy
• B)the middle class
• C)the rural class
• D)the workers in factories
• E)the urban wealthy

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Definitions:

Direct Labour Cost

A cost that can be directly attributed to the production of specific goods or services, such as wages paid to employees who physically produce a product.

Overhead Applied

The portion of indirect costs allocated to a specific product or department within a company, based on a predetermined overhead rate.

Cost of Goods Sold

The immediate expenses linked to the creation of products sold by a business, encompassing both materials and labor costs.

Job Costing

A cost accounting method used to track costs to a specific job or project, allowing companies to calculate its profitability.