Throughput Costing Considers Only Direct Materials and Direct Manufacturing Labor

question 16

True/False

Throughput costing considers only direct materials and direct manufacturing labor to be truly variable costs.

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Definitions:

Terminating Decimal

A decimal fraction that comes to an end or has a finite number of digits after the decimal point.

Five-Figure Accuracy

A level of precision where a numerical value is rounded to the nearest ten-thousandth place, representing the first five significant digits.

Terminating Decimal

A decimal fraction that has a finite number of digits after the decimal point.

Five-Figure Accuracy

A level of precision in numerical calculations or measurements where the result is accurate to five digits.