Select the Appropriate Classification for Each of the Following Costs

question 60

Multiple Choice

Select the appropriate classification for each of the following costs.
-Assembly line worker's wages

• A)Period
• B)Product

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Definitions:

Exempt

Not subject to an obligation, duty, or requirement that is typically imposed on others; being free from or not affected by something.

Nonexempt

Pertaining to employees who are covered by minimum wage and overtime pay protections under the Fair Labor Standards Act.

Fair Labor Standards Act

A United States law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for employees in the private sector and government.

Employee Development

A planned effort to provide employees with the knowledge, skills, and abilities needed to accept new and more challenging job assignments within the company.