Which of the Following Statements Is Incorrect

question 41

Multiple Choice

Which of the following statements is incorrect?

• A) Today, with automation and computerisation, factory overhead costs are often a higher proportion of total manufacturing costs than direct labour costs.
• B) A manufacturing entity using a periodic inventory system must rely on the judgement of the accountant and/or the production manager to estimate the value of ending work in process.
• C) An overhead application rate is an historical rate.
• D) The direct labour rate per unit of output is constant but total direct labour costs increase with an increase in the level of production.

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Definitions:

Supplies Blood

Refers to the circulatory system's role in delivering oxygen and nutrients to tissues and removing waste products through blood circulation.

Thigh

The part of the human leg between the hip and the knee.

Venules

Small vessels that carry blood from capillaries to veins, playing a crucial role in the circulatory system by collecting blood from tissues.

Arterioles

Small blood vessels that extend from the arteries and lead to the capillaries, playing a crucial role in regulating blood flow and pressure.