The Three Categories of Period Costs Are Direct Materials,direct Labor,and

question 219

True/False

The three categories of period costs are direct materials,direct labor,and manufacturing overhead.

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Definitions:

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.

Resource Availability

The extent to which inputs required for production, such as raw materials, labor, and capital, are readily obtainable in the economy or market.

Technological Capabilities

The skills, knowledge, tools, and processes available to an individual, organization, or society that enable technological developments or innovations.