Common Allocation Bases Are

question 73

Multiple Choice

Common allocation bases are

• A) direct labor dollars,direct labor hours,direct material dollars
• B) direct labor dollars,direct labor hours,machine hours
• C) direct labor dollars,direct labor hours,machine dollars
• D) machine dollars,direct labor dollars,direct labor hours

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Definitions:

Payroll Tax

Fees assessed on employers and their employees, calculated frequently as a fraction of the salaries employees earn.

Labor Market

A marketplace in which employers find workers and workers find jobs, governed by the supply and demand for labor.

Payroll Tax

Exactions applied to employers or their staff members, often a percentage of the earnings paid out to the workforce.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, within an economy.