Which of the Following Costs Is Considered Overhead

question 38

Multiple Choice

Which of the following costs is considered overhead?

• A)Indirect labor costs only
• B)Direct materials costs only
• C)Both indirect materials and indirect labor costs
• D)Direct materials and direct labor costs

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Definitions:

Fiscal Policy

The use of government spending and taxation to influence the economy, including its growth rate, inflation, and unemployment levels.

Legislation

Laws that have been enacted by a legislature or governing body.

American Recovery

A reference to the efforts, policies, and programs aimed at recovering from economic downturns in the United States, like the response to the 2008 financial crisis.

Discretionary Fiscal Policy

Government policy that involves changing tax rates and levels of government spending to influence the economy.