Which of the Following Is an Advantage of Using Predetermined

question 17

Multiple Choice

Which of the following is an advantage of using predetermined time data?

• A) You can calculate standard times before the job begins.
• B) Very little skill is required.
• C) There is universal agreement in assessing the level of difficulty of different work elements.
• D) No calculations are required.
• E) You do not need to know much about the job.

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Definitions:

Direct Labor Cost

The total cost of all labor directly involved in the production of a product or service.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average of all units available for sale.