In the Manufacturing of Swim Suits,in Addition to the Price

question 71

Multiple Choice

In the manufacturing of swim suits,in addition to the price of fabric,the standard materials price also includes

• A)Cost of shipping.
• B)Volume discounts.
• C)Taxes.
• D)All of these ans choices are correct.

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Definitions:

Direct Labor Costs

These are the salaries and wages paid to employees directly involved in producing a company's goods or services.

Controllable Variance

Controllable variance refers to the difference between actual and expected figures that can be influenced by the actions of managers.

Overhead Costs

General expenses related to the operation of a business that are not directly attributed to creating a product or service.

Volume Variance

The difference between the budgeted and actual quantity of units sold or produced, affecting budget and operational planning.