Customs Fraud Requires That the Importer Committed a Fraudulent Violation

question 46

True/False

Customs fraud requires that the importer committed a fraudulent violation by providing information and documentation that is beyond a reasonable doubt untrue.

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Definitions:

Direct Labor-Hours

The total hours worked by employees who are directly involved in the manufacturing process and whose work can be easily traced to the product.

Manufacturing Overhead

All production costs other than direct labor and direct materials, which are incurred in the manufacturing process.

Direct Labor-Hours

An accounting term indicating the hours of work performed by employees directly involved in the creation of goods or services.

Variable Manufacturing Overhead

Costs that fluctuate with production volume, such as indirect materials or utilities, associated specifically with the manufacturing process.