In a Manufacturing Firm,the Computation of Cost of Goods Manufactured

question 48

Multiple Choice

In a manufacturing firm,the computation of Cost of Goods Manufactured does NOT use ________.

• A) Finished Goods Inventory, ending balance
• B) indirect production costs
• C) direct labor costs
• D) direct materials used

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Definitions:

Marginally Attached

Refers to workers who are currently not in the labor force but have looked for work in the past and are willing to take a job if one becomes available.

Labor Force

All the non-institutionalized, civilian working-age population that is employed or actively seeking employment.

Unemployment Rate

The component of the labor force that is unoccupied by work but is in pursuit of employment opportunities.

U-4 Unemployment Rate

A measurement of the labor force that includes the total unemployed, plus discouraged workers who have stopped looking for employment.