In a Lean Environment, Many Overhead Costs Are Assigned to Products

question 105

Short Answer

In a lean environment, many overhead costs are assigned to products as directly __________ costs.

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Definitions:

Debts

Money that is owed or due to be paid to another individual or entity.

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

Partnership

A legal business structure where two or more individuals agree to share the profits and losses of a business.