The Legislation That Prohibits Submitting a Fraudulent Claim or Making

question 62

Multiple Choice

The legislation that prohibits submitting a fraudulent claim or making a false statement in connection with a claim is called the:

• A) Health Insurance Portability and Accountability Act.
• B) Social Security Act.
• C) Federal Civil False Claims Act.
• D) American Civil Liberties Act.

---

Definitions:

Direct Labor

Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.

Manufacturing Costs

The aggregate costs associated with the process of producing finished goods, including materials, labor, and overhead.

Direct Materials

Raw materials that are directly traceable to the production of finished goods.

Cost Of Goods Manufactured

The total production cost of goods that were completed during a specific accounting period, including direct materials, direct labor, and manufacturing overhead.