Workers Are Eligible for Unemployment Benefits If They

question 21

Multiple Choice

Workers are eligible for unemployment benefits if they

• A)voluntarily quit their job.
• B)are out of work due to a labor dispute.
• C)were discharged for willful misconduct.
• D)have worked for at least one year.
• E)are not actively seeking work.

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Definitions:

Variable Overhead

Variable overhead are those operating costs that vary with levels of output or activity, including utilities, supplies, and certain labor costs.

Direct Material

Raw materials that can be directly traced to the manufacturing of a specific product and are a significant portion of the production cost.

Direct Labor-Hours

A measure of the time worked by employees who are directly involved in the manufacturing process.

Variable Overhead

Expenses that vary depending on the amount of production or business operations, like utilities or raw materials.