Indirect labor is a

(a) non-manufacturing cost
(b) raw material cost
(c) product cost
(d) period cost

Ans: (c) product cost

Business

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Which of the following is not considered as subcategory of owner's Equity?

a. Revenue b. Withdrawal c. Assets d. Expense e. Contributed capital

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The aging population and inefficient administrative processes have been factors in the rising cost of health care

Indicate whether this statement is true or false.

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