Direct Raw Materials, Utilities and Labour Costs Are Included in Which

question 1

Multiple Choice

Direct raw materials, utilities and labour costs are included in which category of costs?

• A)Image and relationship costs
• B)Conventional costs
• C)Contingent costs
• D)Hidden costs

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Definitions:

Tender of Payment

The act of offering to pay a debt or an obligation, usually by offering the exact amount due in a legally recognized form.

Legal Tender

Money that may be offered legally in satisfaction of a debt and that must be accepted by a creditor when offered.

Buyer

An individual or entity that purchases goods or services.

Express Warranty

A seller's promise or guarantee that a product meets certain quality or performance standards.