The FDA's Definition of Cosmetics Excludes Substances and Preparations for Cleansing

question 59

True/False

The FDA's definition of cosmetics excludes substances and preparations for cleansing.

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Definitions:

Direct Materials

Raw materials that are directly traceable to the production of a specific product and are significant in cost.

Favorable

A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.

Standard Direct Materials Costs

The budgeted or standard cost of the raw materials required to produce a unit of product.

Standard Price

A predetermined cost that companies use to budget and evaluate the performance of actual costs.