What Is a Patent Number

question 77

Multiple Choice

What is a patent number?

• A) a number assigned to a patent during application
• B) a number assigned to a patent when the patent is pending
• C) a number assigned to a patent once the patent is granted
• D) a number assigned to a patent when it comes under investigation

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Definitions:

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including costs related to direct materials, direct labor, and manufacturing overhead.

Total Factory Overhead Cost

Total factory overhead cost includes all indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of non-direct labor, that are not directly tied to the production of specific goods.

Direct Labor

The labor costs associated with workers who are directly involved in the production of goods or services.

Indirect Labor

The wages paid to employees who are not directly involved in the production of goods, such as supervisors and maintenance workers.