The Training Called for by the First General Standard Comes

question 57

True/False

The training called for by the first general standard comes solely from practical experience.

---

Definitions:

Facility-Level Activity

Activities that support the entire organization and cannot be traced to individual products or services, such as building security and property taxes.

Activity Rate

The cost driver rate used in activity-based costing to allocate overhead costs to products or services based on specific activities.

Supporting Customers

Activities or services provided by a company to assist its customers in using its products or services effectively.

Unit Product Costs

The total cost (including materials, labor, and overhead) divided by the number of units produced, representing the cost per individual unit.