Which of the Following Is Not True About Payroll Fringe

question 51

Multiple Choice

Which of the following is not true about payroll fringe costs?

• A)Managers do not need to classify payroll fringe costs.
• B)Contracts and laws should be as specific as possible regarding definitions and measurements.
• C)Disputes arise about whether they should be included as part of direct labor costs when calculating percentage of direct labor.
• D)Managers classify them as part of direct labor costs to make direct labor costs a higher percentage of total costs.
• E)Tax authorities argue that the costs are part of overhead.

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Definitions:

Industrialisation

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving technological innovation and complex machinery.

Portable Identities

The concept of self-identity being flexible and capable of changing depending on context or environment.

Reflexive Thought

The process of thinking critically about one's own beliefs and motivations, often leading to self-awareness or deeper understanding.

Cognitive Constructs

Mental models or concepts that individuals use to organize their thoughts and understand the world around them.