The Three Components of Total Manufacturing Cost Are

question 40

Multiple Choice

The three components of total manufacturing cost are:

• A)cost of goods manufactured, cost of goods sold, and work in process.
• B)raw materials, direct labor, and cost of goods sold.
• C)selling expenses, administrative expenses, and manufacturing overhead.
• D)raw materials, direct labor, and manufacturing overhead.

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Definitions:

Common Law

A system of law based on precedent and customs, originating in England and used in some countries including the United States.

Culture

The set of important beliefs that members of an organization share.

Households

Units of domestic or residential groups, typically families, sharing living accommodations and expenses.

Managed Electronically

The use of digital technologies and systems to oversee and control processes, transactions, or operations efficiently.