Which of the Following Costs Would NOT Be Included in Calculating

question 18

Multiple Choice

Which of the following costs would NOT be included in calculating inventory values under the absorption-costing basis?

• A)direct materials
• B)fixed overhead
• C)selling and administrative expenses
• D)direct labour

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Definitions:

Agricultural

Pertaining to farming or the cultivation of plants and animals to produce food, fiber, medicinal plants, and other products to sustain and enhance human life.

Centralized World

A theoretical or literal global arrangement where power, governance, or economic systems are concentrated within a single central location or authority.

Science

The systematic study of the structure and behavior of the physical and natural world through observation and experiment.

Sociologists

Social scientists who study the development, structure, and functioning of human society and the dynamics of social relationships and institutions.