In a Cost Management System, the Cost View Does NOT

question 175

Multiple Choice

In a cost management system, the cost view does NOT include

• A)resources.
• B)activities.
• C)driver analysis.
• D)products and customers.

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Definitions:

Direct Labor Workers

Employees who are directly involved in the production of goods or services.

Property, Plant, and Equipment

Long-term tangible assets held for business use and not expected to be converted to cash in the short term.

Variable Overhead Rate

Variable overhead rate is the cost per unit of indirect or overhead activities that vary with production volume, such as electricity for machinery.

Overhead Efficiency

The measurement of how effectively a business or project manages its overhead costs.