Which of the Following Items Would Not Be Classified as Part

question 92

Multiple Choice

Which of the following items would not be classified as part of factory overhead?

• A) Direct labor used
• B) Amortization of manufacturing patents
• C) Production supervisors' salaries
• D) Factory supplies used

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Definitions:

Private Ownership

The legal right of individuals or entities to own property, assets, or businesses without governmental intervention.

Means Of Production

The physical, non-human inputs used for the production of economic value, such as factories, machines, and tools.

Circular Flow Model

Goods and services flow from business firms to households in exchange for consumer expenditures, while resources flow from households to business firms in exchange for resource payments.

Supply Products

The activity of making goods available to consumers, often involving manufacturing, distribution, and sale processes.