Implicit Is to Explicit as __________ Is to _________

question 70

Multiple Choice

Implicit is to explicit as __________ is to _________.

• A)controlled; automatic
• B)aware; unaware
• C)conscious; controlled
• D)slower; faster

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Definitions:

Manufacturing Costs

Expenses directly tied to the production of goods, including labor, materials, and manufacturing overhead.

Cost of Goods Manufactured

The total production cost of goods completed and moved to finished goods inventory within a specific period, including materials, labor, and overhead.

Factory Overhead

The indirect manufacturing costs that are not directly tied to the production of goods, such as maintenance, utilities, and salaries for support staff.

Depreciation

Depreciation is the accounting method of spreading out the cost of a tangible asset over its useful life, recognizing the asset's gradual loss of value over time.