Which of the Following Costs Is Considered Overhead

question 160

Multiple Choice

Which of the following costs is considered overhead?

• A) Indirect labor only
• B) Indirect materials only
• C) Indirect materials and indirect labor
• D) None of these

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Definitions:

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price level.

Market Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good all consumers are willing to purchase at each price level.

Consumption

The act of using goods and services for personal needs or wants.