A Middleman Business Which Represents a Manufacturer's Products or Services

question 33

Multiple Choice

A middleman business which represents a manufacturer's products or services to other business-to-business middleman firms is called a(n)

• A)retailer.
• B)wholesaler.
• C)agent.
• D)supplier.

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Definitions:

Direct Labor

Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.

Manufacturing Costs

The aggregate costs associated with the process of producing finished goods, including materials, labor, and overhead.

Direct Materials

Raw materials that are directly traceable to the production of finished goods.

Cost Of Goods Manufactured

The total production cost of goods that were completed during a specific accounting period, including direct materials, direct labor, and manufacturing overhead.