A Parts List Can Also Be Called A(n) ____

question 40

Multiple Choice

A parts list can also be called a(n) ____.

• A) list of materials
• B) part identification number
• C) purchase part list
• D) engineering analysis
• E) none of the above

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Definitions:

Direct Labor Hours

The total hours of work directly contributed by employees towards the production of goods or services, which can directly be attributed to a specific product or service.

Allocated

Assigned or designated resources (such as costs or revenues) to a specific segment, project, or period.

Plantwide Factory Overhead Rate

A single overhead absorption rate used throughout a manufacturing facility to allocate indirect costs to products.

Overhead

Overhead refers to ongoing business expenses not directly attributed to the production of goods or services, such as rent, utilities, and administrative costs.