Direct Material Costs and Direct Labor Costs Cannot Be Easily

question 248

True/False

Direct material costs and direct labor costs cannot be easily traced to products.Therefore,they are allocated to products.

---

Definitions:

All-Or-None Thinking

A cognitive distortion involving viewing situations in only two categories instead of on a continuum, such as completely right or completely wrong.

Arbitrary Inference

Arbitrary inference is a cognitive distortion where an individual makes a conclusion without supporting evidence or even in the face of contrary evidence.

Negative Bias

The tendency to focus more on negative information or experiences than positive ones.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another 'target' neuron in the nervous system.