In a Manufacturing Company, Direct Labour Costs Combined with Direct

question 28

Multiple Choice

In a manufacturing company, direct labour costs combined with direct materials costs are known as

• A)period costs.
• B)conversion costs.
• C)prime costs.
• D)opportunity cost.

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Definitions:

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1, where 1 represents certainty.

Good Job

A term of praise or acknowledgment used to express approval of someone's performance or effort in a task or responsibility.

Outcome

The result or effect of an action, situation, or decision.

Expectancy

The belief or anticipation about the likelihood that a specific outcome will occur, often influencing motivation and behavior.