________ Are Commonly Divided into Many Subclassifications

question 14

Multiple Choice

________ are commonly divided into many subclassifications.

• A)Indirect labour costs
• B)Direct material costs
• C)Direct labour costs
• D)Fixed costs

---

Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.

Stock Options

Financial instruments granting the holder the right, but not the obligation, to buy or sell a stock at a specified price within a certain period.

GAAP

Generally Accepted Accounting Principles, which are standards and conventions for financial reporting in the United States.

Compensation Costs

The expenses incurred by a company to pay employees, including salaries, benefits, bonuses, and social security contributions.