The Correct Statement Is

question 8

Multiple Choice

The correct statement is:

• A)Items such as glue,nails and screws become part of the finished product but are usually classified as factory overhead
• B)The cost of collecting debts from customers is classified as part of factory overhead
• C)Power used for factory lighting and heating is classified as a period cost
• D)Absorption costing splits up factory costs into product and period costs

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Definitions:

Risk Assessment

A systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking.

Hazards

Potentially dangerous situations or materials that can cause harm or damage to people, property, or the environment.

Decision Makers

Individuals or groups who have the authority to make choices that influence outcomes in a variety of contexts, such as organizational or governmental settings.

Unsanitary Drinking Water

Drinking water that is contaminated with pathogens, chemicals, or wastes, posing health risks to consumers.