Which of the Following Total Costs Is Included in the Unit

question 98

Multiple Choice

Which of the following total costs is included in the unit cost of a job?

• A)the total costs of materials purchased
• B)the total costs of labour worked on the in the factory
• C)the total costs of actual overhead
• D)the total costs of applied overhead

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Definitions:

Agreement

A mutual arrangement, contract, or understanding between parties outlining their rights and responsibilities.

Death

The cessation of all biological functions that sustain a living organism; not relevant in a financial context.

Liquidation Purposes

The process of converting assets into cash or cash equivalents by selling them in the event that a business is closing or reorganizing

Sale of Assets

The process of disposing of business assets, either tangible or intangible, in exchange for cash or other compensation.