Direct Costs Are

question 53

Multiple Choice

Direct costs are:

• A) Costs that need to be assigned but cannot be traced easily to cost objects
• B) Only variable costs
• C) Costs that can easily be traced to cost objects
• D) Only fixed costs

Understand the approaches to lower labor costs and their impacts on organizations.

Grasp the concept of offshoring and its implications for HRM.

Understand the role and competencies of HR professionals in building skilled workforces.

Recognize the importance of corporate social responsibility in international expansions.

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Definitions:

Customer Cost Analysis

An evaluation process that examines the costs associated with serving a customer or client group, including acquisition, service, and support expenses.

Customer Service Department

A division within a company focused on providing assistance, support, and information to the customers to ensure satisfaction with products or services.

Capacity Analysis

The study and evaluation of the production capabilities of a manufacturing facility to understand its maximum output over a period.

Time-Driven Activity-Based Costing

An approach to activity-based costing that uses simple cost drivers like the amount of time required to complete an activity, improving the costing process's simplicity and accuracy.