Costs Such as Salary of Supervisors and Other Support Personnel

question 109

Multiple Choice

Costs such as salary of supervisors and other support personnel, which are accounted for as overhead costs, are called

• A) direct labor.
• B) sales assistance.
• C) indirect labor.
• D) variable labor.

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.

Interest Expense

The expenditure associated with acquiring funds on loan across a designated duration.

Interest Income

Earnings received from investments in various forms of debt, such as savings accounts, certificates of deposit, and bonds.