A(n) __________ System Comprises the Organizational Processes and Activities Involved

question 69

Short Answer

A(n) __________ system comprises the organizational processes and activities involved in performance measurement.

---

Definitions:

Direct Labor Cost

The total cost of all the labor directly involved in the production of goods or services.

Net Operating Income

The income earned from the primary activities of a business, not including expenses from interest and taxes.

Absorption Costing

An accounting method that includes all manufacturing costs (variable and fixed) in the cost of a product.

Unit Product Cost

Unit product cost is the total cost associated with producing one unit of a product, including all variable and fixed costs.