Asked by Damario Thompson on May 27, 2024
Verified
Which of the following are common production volume measures?
i. Direct labour hours.
ii. Machine hours.
iii. Direct material cost.
A) i and ii
B) ii and iii
C) i and iii
D) iii only
Production Volume Measures
Metrics or units of measurement used to gauge the quantity of products created by a company within a specific period.
Direct Labour Hours
The total hours worked by employees directly involved in the production process, not including hours worked by supervisory or maintenance personnel.
Machine Hours
A measure of production time, representing the hours a machine is operated in the manufacturing of a product.
- Acquire knowledge about the impact of cost drivers on Activity-Based Costing and methods for identifying appropriate cost drivers for distributing costs.
Verified Answer
Learning Objectives
- Acquire knowledge about the impact of cost drivers on Activity-Based Costing and methods for identifying appropriate cost drivers for distributing costs.
Related questions
A Cost Driver Is ...
Delauder Enterprises Makes a Variety of Products That It Sells ...
When a Company Implements Activity-Based Costing, Manufacturing Overhead Cost Is ...
Managing and Sustaining Product Diversity Requires Many More Overhead Resources ...
Which of the Following Are Valid Reasons for a Firm ...