The National Electrical Code Chapter That Covers Methods and Materials

question 35

Multiple Choice

The National Electrical Code chapter that covers Methods and Materials is __________.

• A) Chapter 1
• B) Chapter 2
• C) Chapter 3
• D) Chapter 5

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Definitions:

Absorption Costing

A method of cost calculation that takes into account all expenses related to manufacturing, such as direct materials, direct labor, and all overheads, whether fixed or variable, in determining a product's cost.

Production Cost

The total cost of materials, labor, and overheads incurred in the production of goods or services.

Per Unit

A term referring to a measurement or cost on an individual item or quantity basis.

Excess Capacity

The situation where a company can produce more than is required to meet the demand, usually indicating underutilization of resources.