Examlex
Which of the following statements is false?
Direct Labor-Hours
The total hours of labor directly involved in producing goods, often used as a basis for allocating overhead in cost accounting.
Overhead Cost
Refers to ongoing operational expenses that cannot be directly attributed to a specific product or production activity, such as office expenses, rent, and administrative salaries.
Activity-Based Costing
A costing methodology that assigns costs to products or services based on the activities they require for production.
Machine-Hours
A measure of production time using machinery, often used as a basis for allocating manufacturing overhead to products.
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