Question
Labour cost that is specifically incurred for or can be readily charged to or identified with a specific job, contract, work order or any other unit of cost, will be classified as which among the following?
Solution
Labour cost that is specifically incurred for or can be readily charged to or identified with a specific job, contract, work order or any other unit of cost is referred to as Direct Labor.
More Alternate Sources of Finance Questions
- What is a benefit of working in cross-functional teams?
- The capacity to influence people and accomplish desired objectives is called:
- What is the role of the board in CEO selection and performance evaluation?
- Which of the following is NOT a disadvantage of the systems approach?
- Which type of risk is associated with internal procedures, people, and systems within a company?
- During the month of January, the standard cost of actual hours worked amounted to Rs.42,000, the standard hours allowed for actual production were 2,000 an...
- In order to automate the complete lifecycle of external commercial borrowings (ECBs) and trade credits, RBI is in the process of implementing which project...
- What is the minimum yearly contribution required for NPS Tier I account to keep it active?
- If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
- Which software is commonly used for creating documents, spreadsheets, and presentations in an office setting?
