Are the Three Major Categories of Manufacturing Costs

question 146

Multiple Choice

are the three major categories of manufacturing costs.

• A) Prime costs, period costs, and product costs
• B) Indirect labor, indirect materials, and conversion costs
• C) Prime costs, direct materials, and factory overhead
• D) Direct labor, factory overhead, and direct materials

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Definitions:

Convergent Evolution

The phenomenon where unrelated species develop comparable characteristics independently due to the necessity of adapting to analogous environments or ecological roles.

Homoplasious Trait

A characteristic shared by a set of species but not present in their common ancestor, often resulting from convergent evolution rather than shared ancestry.

Analogous Trait

A trait shared by different species due to convergent evolution, not because of a shared ancestry, producing similar structures independently.

Monophyletic Group

A group of organisms that consists of all the descendants of a common ancestor, representing a single branch on the tree of life.