Direct Labor Hours Is Not a Cost Pool That Is

question 43

True/False

Direct labor hours is not a cost pool that is regularly used in the activity-based costing method.

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Definitions:

Period

In accounting, a period is a length of time during which financial activities are recorded and reported, such as a month, quarter, or year.

Calculate

To ascertain or compute a figure or amount through mathematical processes.

Period

A specific span of time during which certain financial activities or measurements are recorded and assessed.

Cost of Goods Manufactured

The total expense incurred by a company to produce goods in a given period, including materials, labor, and overhead costs.