The Sum of Direct Labour and Factory Overhead Is Referred

question 44

Multiple Choice

The sum of direct labour and factory overhead is referred to as

• A)period costs.
• B)conversion costs.
• C)prime costs.
• D)direct product costs.

---

Definitions:

State Laws

Regulations established by individual states within a country, which govern within their territory and may vary from state to state.

Federal Laws

Laws enacted by the national government of a country that apply to the entire nation, superseding state and local laws where there is conflict.

Beneficiary

An individual or entity entitled to benefits or assets under a will, trust, insurance policy, or other legal instrument.

Insured

A person or entity covered by an insurance policy.