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Electrix Inc

question 101

Multiple Choice

Electrix Inc.is an electrical appliances manufacturing company.It distributes shares of stock to its employees by placing the stock in a trust managed on the employees' behalf.Which of the following has been implemented by Electrix in this scenario?


Definitions:

Prime Costs

The combined costs of direct materials and direct labor that are directly involved in the production of a product.

Factory Overhead

Costs related to the manufacturing process that are not directly attributable to the product being manufactured, such as utilities and maintenance of equipment.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.

Manufacturing Business

A business model that transforms raw materials into final products utilizing workers, machinery, and tools.

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