What Is the Sum of Direct Materials,production Overhead,and Direct Labor

question 9

Multiple Choice

What is the sum of direct materials,production overhead,and direct labor?

• A)COGM - cost of goods manufactured
• B)COGS - cost of goods sold
• C)COGP - cost of goods produced
• D)COGS - cost of goods shipped

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Definitions:

Open Systems

Transform human and material resource inputs into finished goods and services.

Multiculturalism

A socio-political philosophy or ideology that promotes the inclusion and respect of diverse cultural backgrounds within a society.

Inclusion

The practice of ensuring that all individuals, regardless of their diverse backgrounds or abilities, are fully accepted and integrated into a group, organization, or activity.

Basic Functions

Encompasses the fundamental roles or activities that are essential for the operation and success of an organization, such as planning, organizing, leading, and controlling.