Secondary Data Is Often Available-At Little or No Cost-From

question 16

Multiple Choice

Secondary data is often available-at little or no cost-from:

• A) both private and government sources.
• B) the Internet.
• C) trade associations.
• D) company files.
• E) All of these are good sources for secondary data.

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Definitions:

Direct Labor Hours

The number of labor hours spent by workers who are directly involved in the production of goods or services.

Materials Requisitions

Documents used to request the transfer of materials from inventory for production purposes or other internal use.

Job Cost Sheets

Documents that track and record all the costs associated with a specific job or project.

Cost Allocation

Cost Allocation is the process of identifying, aggregating, and assigning costs to cost objects such as products, departments, or projects to accurately represent where expenses are incurred.