1. What are the direct cost of a manufactured product?A) All Cost that are incurred in manufacturing a product.B) Raw Material, Direct Labor and Manufacturing Overhead.C) any cost that can be directly traced to a product.D) None of the above.

Direct costs include expenses that can be specifically identified with a particular product or…

Answered: 1. What are the direct cost of a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8MC: Which of the following is not considered a product cost? A. direct materials B. direct labor C....

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are all manufacturing costs that are related to the cost object but CANNOT be traced to that cost object а. Period cost b. Direct material costs c. Direct manufacturing labor costs d. Indirect manufacturing cost
This includes all manufacturing costs that cannot be classified as direct materials or direct labor. Period cost Manufacturing overhead Prime Cost Conversion costs
. The term “Prime cost” refers toa. All manufacturing costs incurred to produce units of output.b. All manufacturing costs other than direct labor and raw material costs.c. Raw materials purchased and direct labor costs.d. The raw material used and direct labor costs.
A Product's cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, which is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the ABC. True or False?
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1. What are the direct cost of a manufactured product? A) All Cost that are incurred in manufacturing a product. B) Raw Material, Direct Labor and Manufacturing Overhead. C) any cost that can be directly traced to a product. D) None of the above.