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.

---

Definitions:

Losses

The negative financial impact resulting from the difference between costs and revenues, often attributed to business operations, investments, or unforeseen events.

Submission

The act of presenting a document, proposal, or application for consideration or judgment.

Acceptance

Acceptance, in contract law, refers to the expression of agreement to the terms of an offer, thereby creating a binding contract between parties.

Beneficiary

An individual or entity entitled to receive benefits or assets under a will, trust, insurance policy, or other financial instrument.