Marnie and Jill Both Attended a Party This Weekend

question 147

Multiple Choice

Marnie and Jill both attended a party this weekend.Marnie arrived in a high-end designer dress made by forever21.Jill's dress looked exactly like Marnie's dress,but its tag read simply K-Design.Jill's dress would best be described as a:

• A) counterfeit
• B) knockoff
• C) forgery
• D) sham
• E) third shift item

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Definitions:

Manufacturing Overhead

All indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of non-direct labor.

Prime Costs

The direct costs of production, typically consisting of direct materials and direct labor.

Indirect Labour

Workers in a manufacturing process whose activities are not directly related to the production of specific goods or services, such as maintenance staff and managers.

Cost of Goods Purchased

The total expense for raw materials and goods acquired for resale by a company during a specific period, excluding any indirect costs.