Match the Following

question 42

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Finance director

• A)Staff manager
• B)Function manager
• C)Line manager

---

Definitions:

Direct Labor Cost

The expense related to the wages of workers directly involved in the production of goods or services.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities and resources that go into producing them, aiming for more accurate cost allocation.

Product Margin

The amount by which a product's selling price exceeds its cost of production, contributing towards covering fixed costs and profit.

Direct Materials Cost

The cost of raw materials that are directly involved in the production of a product, easily traced back to the product itself.