Factory Overhead Includes

question 122

Multiple Choice

Factory overhead includes

• A) direct materials and direct labour.
• B) prime costs.
• C) indirect and direct labour.
• D) indirect labour and indirect materials.

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Definitions:

Efficiency

The effectiveness with which an organization utilizes resources to achieve its objectives with minimum waste.

Accuracy

The extent to which the outcome of a measurement, computation, or detail agrees with the true value or an established norm.

Depreciation Policy

A specific method or approach a company uses to allocate the cost of a tangible asset over its useful life.

Underground Storage

Facilities used for the storage of goods, valuables, or commodities below the earth's surface.