Select the Appropriate Classification of the Items Listed Below

question 77

Multiple Choice

Select the appropriate classification of the items listed below.
-Cost of lubricating factory machinery

• A)selling expense
• B)administrative expense
• C)direct materials
• D)direct labor
• E)overhead

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Definitions:

Revamped Products

Products that have been significantly modified, updated, or improved with the aim of enhancing performance or attracting a larger consumer base.

Disruptive Technology

A technology that displaces an established technology and shakes up the industry, or a groundbreaking product that creates a completely new industry.

Established Technology

Technology that has been widely adopted, proven reliable, and is well understood within its intended markets or applications.

New Industry

An emerging sector or market that has recently begun to develop and offers potential for business opportunities and growth.