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:

Perfect Competitor

A firm that operates in a perfectly competitive market, characterized by selling a homogenous product and having no control over the market price.

Output

In economics, output refers to the total amount of goods and services produced by an economic system or entity.

Imperfect Competitor

An entity in a market that cannot dictate the prices of its goods or services due to the presence of competition, contrary to a monopoly.

Regional

Pertaining to or characteristic of a specific geographic area or division, often considered in terms of economic, political, or cultural distinctions.