What Are the Components of Total Manufacturing Costs

question 61

Multiple Choice

What are the components of total manufacturing costs?

• A)direct materials and direct labour only
• B)direct labour and manufacturing overhead only
• C)manufacturing overhead only
• D)direct materials, direct labour, and manufacturing overhead

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Definitions:

Advantage

Advantage refers to a favorable position or condition that enhances the probability of success or effectiveness in a competitive environment.

Responsibilities

Duties or obligations that an individual or organization is required or expected to perform.

Decentralization

The distribution of decision-making powers and operational activities away from a central authoritative location or group.

Advantage

A condition or circumstance that puts one in a favorable or superior position.