Indirect Labor and Indirect Materials Are Classified as

question 32

Multiple Choice

Indirect labor and indirect materials are classified as

• A) factory overhead and product costs
• B) factory overhead and period costs
• C) operating costs and period costs
• D) operating costs and product costs

---

Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture that individuals are surrounded by.

Demographics

Statistical data relating to the population and particular groups within it, often used in marketing, policy making, and social research to understand and predict trends.

Managing Diversity

The practice of acknowledging, understanding, accepting, and valuing differences among people with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, spiritual practice, and public assistance status.

Intrapreneurs

Employees within a company who are given the responsibility to develop new projects or ideas, operating as entrepreneurs within the organization.