41) The cost of interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. is known as ___________. a. Costs of materials b. Costs of disposing materials c. Costs of ordering materials d. Costs of carrying inventory

41) The cost of interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. is known as ___________. a. Costs of materials b. Costs of disposing materials c. Costs of ordering materials d. Costs of carrying inventory

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

41)

The cost of interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. is known as ___________.

Costs of materials

Costs of disposing materials

Costs of ordering materials

Costs of carrying inventory

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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