Lack of Project Structure Is a Support That Helps Develop

question 92

True/False

Lack of project structure is a support that helps develop project team effectiveness.

---

Definitions:

Direct Labor Dollars

The total cost of wages paid to employees who are directly involved in the manufacturing process.

Absorption Cost

A comprehensive approach to product costing that includes all types of manufacturing costs: direct materials, direct labor, and both fixed and variable manufacturing overhead.

Overhead Absorption Rate

The rate at which indirect costs are allocated to produced goods or services.

ABC System

Activity-Based Costing; a method of assigning overhead and indirect costs to specific products or projects, based on their usage of activities.