If You Declare a Chapter 7 Bankruptcy,you Do Not Have

question 137

True/False

If you declare a Chapter 7 bankruptcy,you do not have to pay alimony,child support,or educational loans.

---

Definitions:

Direct Labor Hours

The total number of hours worked by employees directly involved in producing goods or providing services.

Factory Overhead Budget

An estimation of the total costs required to support the manufacturing operations, excluding direct materials and direct labor.

Production Cost Pool

is a collection of direct and indirect manufacturing costs that are assigned to products based on specific allocation criteria.

Activity Rate

A measure used in activity-based costing to allocate overhead costs to products or services, based on specific activities or cost drivers.