In a Production Setting, the Standard Cost of a Unit

question 52

Multiple Choice

In a production setting, the standard cost of a unit of output is the sum of the standard costs of:

• A) Direct material, direct labour, and variable overhead
• B) Direct material, direct labour, and fixed overhead
• C) Direct material, direct labour, variable overhead, and fixed overhead
• D) Direct material, direct labour, and period costs

---

Definitions:

Committee

A group that is designated to work on a special task on a continuing basis.

Project Team

A project team is a group of individuals with diverse skills and roles who are assembled to collaborate on achieving specific project goals within a defined timeline.

Cross-functional Team

A group of individuals from different departments or areas within an organization working together to achieve a common goal.

Task Force

A temporary group of people formed to undertake a specific mission or project.