Direct Labour Is Always Considered to Be a Product Cost

question 99

True/False

Direct labour is always considered to be a product cost under variable costing.

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Definitions:

Compound Journal Entry

A journal entry that involves multiple debits, credits, or both, affecting more than two accounts.

Prompt Payment

The settlement of a bill or invoice on or before its due date.

Softball Equipment

The gear and accessories required for playing softball, such as bats, gloves, balls, and protective gear.

Net Accounts Receivable

The amount of money owed to a company by its customers for goods or services provided, after accounting for any allowances for doubtful accounts.