Materials Handling Would Be Classified as a __________ Activity When

question 2

Short Answer

Materials handling would be classified as a __________ activity when using activity-level costing.

---

Definitions:

Letter-of-credit Rights

Rights to payment under a letter of credit, which is a document from a bank guaranteeing that a seller will receive payment if certain conditions are met.

Economic Benefit

An economic benefit is a gain or advantage, usually measured in terms of money or value, received as a result of an action or transaction.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be executed in writing and signed by the party to be charged.

Surety

A party that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.