Posted by: Pdfprep
Post Date: November 10, 2020
Which of the following in a modern company is the LOWEST cost element?
A . Labor Cost
B . Material Cost
C . Inventory Cost
D . Overhead Cost
Answer: A
Explanation:
In a modern company labor cost is usually the lowest and material is the highest. Inventory is not a cost element because it is considered an overhead cost.
Leave a Reply