Accounting Is Referred to as the Language of Business Because

question 54

True/False

Accounting is referred to as the language of business because it is the method of communicating business information to decision makers.

---

Definitions:

Variable Overhead

Costs that fluctuate with the level of production output, including expenses like utilities and raw materials.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product.

Direct Labor-Hours

The total hours of work directly involved in manufacturing goods or providing a service.

Variable Overhead

The costs that fluctuate with the level of production output and may include expenses such as utilities and indirect materials.