Question

The two factors that determine the costs of manufacturing inputs (materials, labor, and overhead) are price and quantity.

a. True
b. False

Answer 1

Answer:

The correct answer is letter "A": True.

Explanation:

The costs of manufacturing are the total expenses companies incur during the production process. They mainly include direct materials, labor, and overhead. Besides, the prices of the three (3) factors mentioned above and their size (quantity) are considered factors that determine the manufacturing costs.