The Salary Paid to the Supervisor of an Assembly Line

question 35

Multiple Choice

The salary paid to the supervisor of an assembly line would normally be classified as:

• A) Direct labor.
• B) Indirect labor.
• C) A period cost.
• D) A general cost.
• E) An assembly cost.

---

Definitions:

Franchise

A type of license that grants a franchisee access to a franchisor’s proprietary knowledge, processes, and trademarks, allowing them to sell a product or service under the business's name.

Supply Curve

A graph showing the relationship between the price of a good and the amount of the good that producers are willing to supply.

Perfectly Competitive

A market structure characterized by a complete absence of rivalry among the sellers and it implies an industry or market in which many sellers offer identical products.

Benchmark Pricing

A method of pricing where a standard or reference price is used to set or compare the price of goods and services.