Select the Appropriate Classification for Each of the Costs Incurred

question 20

Multiple Choice

Select the appropriate classification for each of the costs incurred by a manufacturer of automobiles.
-factory janitorial costs

• A)direct materials
• B)direct labor
• C)overhead
• D)selling expense
• E)administrative expense

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Definitions:

Health Care

The maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Two-tier System

A societal or organizational system where two distinct classes or groups have varying access to resources, rights, or services.

Socialized Health Insurance

A system where the government or a public agency provides health insurance to all citizens, typically funded through taxation.

Nationalized Health Care

A system where the government provides and manages health care services and insurance, aiming to ensure access for all citizens.