Which of the Following Will Be Categorized as a Manufacturing

question 165

Multiple Choice

Which of the following will be categorized as a manufacturing overhead cost?

• A) depreciation on factory plant and equipment
• B) wages paid to assembly line workers
• C) administration charges of showroom
• D) cost of direct materials used

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Definitions:

Consumer Surplus

The discrepancy in the total money consumers are willing to invest in a good or service compared to what they really pay.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.

Magazine Circulation

The total number of copies of a magazine that are distributed to subscribers and retailers within a specific period.

Consumer Surplus

The distinction between the aggregate amount consumers are inclined and capable of paying for a service or product and what they actually disburse.