Tangible Attributes Such as Color, Style, Size, Feel, or Fit

question 96

True/False

Tangible attributes such as color, style, size, feel, or fit that can be evaluated prior to purchase are known as search qualities.

---

Definitions:

Underapplied

In accounting, underapplied refers to when the allocated overhead costs are less than the actual overhead costs incurred.

Direct Materials Cost

The expense associated with the raw materials directly used in the production of goods.

Unadjusted Cost

The initial cost of an item or service before any adjustments like discounts, allowances, or modifications are made.

Cost of Goods Sold

The specific costs incurred in the making of goods that a company sells, which include materials and labor.