Asked by
Anthony Vieyra
on Nov 13, 2024Verified
The wages of a timekeeper in the factory would be classified as
A) a period cost.
B) direct labor.
C) indirect labor.
D) compliance costs.
Timekeeper
A person or device responsible for recording the duration of an event, often used in sports, work activities, or any scenario where tracking time is essential.
Period Cost
Costs that are expensed in the period in which they are incurred, not directly tied to the production process.
Indirect Labor
Refers to the labor costs of employees who do not directly work on the production of products, but support the production process.
- Specify the components involved in product costs such as direct materials, direct labor, and manufacturing overhead.
Verified Answer
WK
Learning Objectives
- Specify the components involved in product costs such as direct materials, direct labor, and manufacturing overhead.