Match Each of the Following Intangible Assets with Its Proper

question 59

Multiple Choice

Match each of the following intangible assets with its proper general category.
-Patented IT program

• A)Artistic
• B)Goodwill
• C)Customer
• D)Marketing
• E)Technology
• F)Contract

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Definitions:

Direct Labor-Hours

It measures the total hours worked by employees directly involved in manufacturing a product.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.

Activity Rates

Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.

Product E6

A specific product or item in a company's lineup or inventory, indicated by the designation 'E6'.