Select the Appropriate Definition for Each of the Items Listed

question 12

Multiple Choice

Select the appropriate definition for each of the items listed below.
-(direct labor + overhead) /units produced

• A)per-unit prime cost
• B)per-unit conversion cost
• C)per-unit cost of goods manufactured

---

Definitions:

Partnership Property

Assets or property owned by a partnership, which are used in the operation of the business and subject to the rights and interests of the partners.

Partner's Interest

A reference to an individual's ownership stake or share in a partnership, reflecting their rights to profits and obligations for losses.

Assignability

The capability of a contractual right or duty to be transferred from one party to another.

Inheritability

The characteristic of a trait, such as property or genetic information, that allows it to be passed down from one generation to the next through inheritance.