Who of the Following Would Be Classified as Out of the Labour

question 172

Multiple Choice

Who of the following would be classified as out of the labour force?

• A) Brenda Smith,an 18-year-old university student employed part-time at a fast food restaurant.
• B) Mario Faubert,a NHL hockey player at home sick with the flu.
• C) Jack Little,a 21-year-old new college graduate actively looking for his first job.
• D) Sarah Lopez,a public school teacher on vacation.
• E) Amanda Pie,a full-time homemaker.

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Definitions:

Factory Overhead

All indirect costs involved in manufacturing, excluding direct materials and direct labor; includes items like utilities and salaries for managers.

Equivalent Units

A concept in process costing that represents the amount of work done on incomplete units, expressed in terms of fully completed units.

Direct Labor

Direct labor refers to the wages paid to workers directly involved in the manufacture of products or the provision of services.

Factory Overhead

All indirect costs related to manufacturing beyond direct materials and direct labor, including utilities, depreciation of factory equipment, and factory rent.