Unit Labor Cost Is Computed by Dividing the Total Cost

question 15

True/False

Unit labor cost is computed by dividing the total cost of workers by their average levels of output.

---

Definitions:

Total Profits

The final amount of income a business makes after accounting for all costs, expenses, and taxes.

Capacity Utilization

The percentage of a company's total production capacity that is currently being used.

Customer Preferences

Individual likes or dislikes influencing purchasing decisions, varying greatly among consumers.

Quantification

The process of measuring, calculating, or assigning a numerical value to something.