Top Management and General Administration Costs Would MOST Likely Be

question 49

Multiple Choice

Top management and general administration costs would MOST likely be classified as a:

• A)customer batch-level cost.
• B)customer-sustaining cost.
• C)customer output unit-level cost.
• D)organisation-sustaining cost.

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Definitions:

Work In Process Inventory

The direct materials costs, the direct labor costs, and the applied factory overhead costs that have entered into the manufacturing process but are associated with products that have not been finished.

Work In Process Inventory

The value of unfinished goods in the production process at a given point in time.

Conversion Costs

The combination of labor costs and overhead expenses involved in transforming materials into finished goods.

Factory Overhead

Indirect costs associated with manufacturing, such as utilities, maintenance, and manager salaries, not directly traceable to specific units of production.