Which of the Following Expenses Is Most Likely to Be

question 19

Multiple Choice

Which of the following expenses is most likely to be an indirect departmental overhead cost of a department in a factory?

• A) Factory rent
• B) Assembly labour costs
• C) Equipment depreciation
• D) Direct materials

---

Definitions:

Financial Accounting

The field of accounting focused on the preparation of financial statements for external stakeholders, adhering to standardized guidelines to accurately reflect a company's financial condition.

Managerial Accounting

The field of accounting focused on providing financial information within a company to assist in decision-making and budget management.

Timeliness

The quality of providing information or taking action within an appropriate or expected time frame, often critical for decision-making processes.

Total Quality Management

A management approach focused on improving the quality of an organization's outputs, including goods and services, through continual improvement of internal practices.