List and describe the three categories of manufacturing costs
Direct materials consists of the cost of materials requisitioned and used in production during the current period. Direct materials are materials that can be accurately and conveniently traced to the product. Direct labor consists of labor costs of workers directly involved in the manufacture of the product. Overhead consists of all the manufacturing costs that do not fall into the direct material or direct labor category. Examples of overhead costs include; insurance on the factory, machinery deprecation, indirect labor, indirect materials, factory supplies, etc..
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Which of the following statements is true regarding traditional entrepreneurs?
A. Traditional entrepreneurs start off with the intention of tackling social problems to bring about change. B. Traditional entrepreneurs entrench corporate social responsibility into their start-up business model. C. Traditional entrepreneurs start off with making profit as a goal. D. Traditional entrepreneurs start off with the intention of tackling environmental problems.
General Hospital has noted that they admit an average of 7 patients per hour. a.What is the probability that during the next hour less than 3 patients will be admitted?b.What is the probability that during the next two hours exactly 7 patients will be admitted?
What will be an ideal response?
A deficiency judgment prevents a secured lender from recovering other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan.
Answer the following statement true (T) or false (F)
Discrepancies of assortment occur because individual producers tend to specialize in producing a large assortment of products, while individual consumers prefer to buy a small assortment of products.
Answer the following statement true (T) or false (F)