Who Is Not Counted in the U

question 14

Multiple Choice

Who is not counted in the U.S. labor force?

• A)A person working 15 hours a week or more not for pay.
• B)A fulltime college student.
• C)A person working at least one hour for pay per week.
• D)Someone actively looking for a job.
• E)A 70-year-old person who supplements his social security payments by working 8 hours each week at minimum wage.

---

Definitions:

Predetermined Overhead Rate

A calculated rate used to allocate manufacturing overhead costs to individual units of production, typically based on estimated costs and activity levels.

Direct Labour Cost

The expense incurred for workers who are directly involved in the production of goods or services.

Manufacturing Costs

Costs directly associated with the production of goods, including materials, labor, and factory overhead.

Conversion Costs

The combined costs of direct labor and manufacturing overhead incurred to convert raw materials into finished products.