Law Is Derived from a Variety of Sources

question 45

Multiple Choice

Law is derived from a variety of sources. These include the Constitution, Legislation, and

• A) Supreme Court of Canada and subordinate legislation.
• B) the Cabinet.
• C) court decisions handed down by judges.
• D) media reports and other news.
• E) statements made by Ministers and administrative rulings

---

Definitions:

Direct Labor-Hours

The total hours worked by employees that are directly involved in the manufacturing process or providing a service, used in costing and operational efficiency analyses.

Direct Material

Primary raw materials directly incorporated into a finished product, an essential component in calculating the cost of goods sold.

Work in Process

Inventory that includes partially finished goods which are still in the production process.

Direct Materials Variances

The difference between the actual cost of direct materials used in production and the standard cost of those materials.