Which of the Following Is Most Closely Related to the Concept

question 49

Multiple Choice

Which of the following is most closely related to the concept of implied powers?

• A)necessary and proper clause
• B)supremacy clause
• C)Tenth Amendment
• D)commerce clause
• E)power to tax

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Definitions:

Direct Labor

The labor cost of workers directly involved in the production of goods or services.

Process Costing

An accounting methodology that traces and accumulates direct costs, and allocates indirect costs, of a manufacturing process, costing each process separately.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units that could have been produced with those costs.

Direct Materials

Materials in their unprocessed state that can be directly linked to the production of a particular item.