Factory Labour Costs

question 19

Multiple Choice

Factory labour costs

• A)omit holiday pay.
• B)are equal to the total amounts of the pay cheques the employees receive.
• C)are debited to work in process when incurred.
• D)include benefits for employees.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular, core business operations, excluding deductions of interest and taxes.

Average Operating Assets

The average value of a company's assets used in day-to-day operations over a specific period, used in calculating rates of return.

Sales

The total amount of goods or services sold by a company within a certain period of time.